Jersey risks being blacklisted by the EU again

Pedro Gonçalves
clock • 2 min read

Jersey risks once again being included in the EU's tax haven blacklist after "deficiencies' were identified in a new law created to tackle harmful tax practices and secure the island's reputation. A review from a senior official from the OECD Forum for Harmful Tax Practice has revealed that the new legal framework for economic substance is not up to the organisation standards and in need of amendments. The changes required are said to be "minor". Still, External Relations Minister Senator Ian Gorst has warned that failure to make them "would damage Jersey's reputation and could result...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?