Finance crisis talks

Chief Minister Ian Gorst has confirmed that the UK is threatening to block a major deal that would see information about all US citizens’ bank accounts in Jersey handed to their tax authorities.

It is because the UK wants the same information about its residents with accounts held in the Island.

It is a demand that is widely regarded as the latest attempt to crack down on so-called ‘tax havens’ and the dispute threatens to become a serious issue if it goes unresolved.

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