TaxPersonal TaxTax haven demonstrators to hit Jersey

Tax haven demonstrators to hit Jersey

Measures to protect the public and businesses in Jersey from tax haven protesters have been rejected by the channel island's parliament.

If passed, the laws would have allowed emergency peacekeeping laws to help protect the islands 90,000 inhabitants, according to the Observer. The powers would have included allowing police to stop, divert and detain the protesters, who will gather on the island on Saturday.

But talk of violence has been dismissed by Paris-based Attac which claims its protest, part of its tax haven hunting season, will be peaceful. The group says tax havens are playing playing a huge part in criminal financial activities.

As part of a global crackdown on tax evasion, the OECD has asked 35 offshore financial centres, including Jersey, to co-operate and revise their tax regimes or face economic sanctions.

Next month it will publish a blacklist naming and shaming those tax havens which have failed to co-operate with its reform agenda.

Links

Tax haven islands reject OECD reforms

Attac website

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