Gorst rejects Guardian’s claims of bankrupt future

The three-page article published in yesterday’s edition of the Guardian claims that Jersey is ‘heading for bankruptcy’ as a result of the zero-ten tax regime, under which all Jersey-registered companies except financial services and utilities pay no tax.

Much of the content focuses on the history of the finance industry – highlighting international banking scandals involving Jersey structures, such as Enron and Northern Rock – viewed from the perspective of former States economist John Christensen, a spokesman for anti-tax haven lobby group Tax Justice Network.

– Advertisement –
– Advertisement –