The president of the Jersey Society of Chartered Certified Accountants, Wendy Dorman, said she believed it was inconceivable that the Ecofin Code of Conduct group would allow a zero-ten structure in one island but not in the other Crown dependencies.
She made the comments in response to a question at a Jersey Chamber of Commerce lunch at the Pomme d’Or on Wednesday.
Jersey has been told that some EU member states believe zero-ten is not within the spirit of the code but the Island’s tax structure has not actually yet been found to be non-compliant with the code group’s requirements.
However, the Isle of Man has said that it had been given an indication that its version of how it applied the tax structure would be considered acceptable to the group.
• See Friday’s JEP for full story.
