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Jersey Finance chief attacks inaccurate media coverage

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JERSEY's good name is being unfairly blackened by the UK media as a haven for the proceeds of crime and tax evasion 'when that could not be further from the truth', according to Jersey Finance chief executive Geoff Cook.

And speaking from India, Mr Cook drew parallels to the way the Island was being portrayed to the treatment meted out to Lord McAlpine when he was wrongly named as a suspected paedophile.

Meanwhile, Mr Cook revealed that the British tax authorities already had details about 80% of bank accounts held by UK citizens prior to moves designed to force the Island to hand over information about all UK-based account holders.

Mr Cook also said that it was likely the bulk of the remaining 20% would belong to individuals who were unlikely to be due to pay tax in the UK anyway.

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