Mr Powell, who first moved to Jersey in 1969 to take up a job as States economist, spoke at a lunchtime discussion organised by the Business Connect group, which meets at Church House every Wednesday to debate current issues in the context of Christian faith and morality.
Questioner Simon Nash focused on matters raised in an article published in the Guardian newspaper in December, entitled ‘The fall of Jersey: how a tax haven goes bust’, which depicted the Island’s economy as ‘on the rocks’ and claimed it was ‘heading for bankruptcy’ as a result of the zero-ten tax regime, which reduced corporate tax and has placed a greater tax burden on individual taxpayers.
Mr Powell – who was mentioned nine times in the article and described as ‘Jersey’s Jeeves’ – told around 50 people who attended the event that he saw no reason why Jersey should not be as successful in the future as in the past.
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