Jersey concerned over EU review of tax scheme


The finance industry on Jersey has revealed “nervousness” about a looming
review of its corporate tax scheme by the European Union.

According to the BBC there are growing concerns that the review could
undermine the island’s financial position which is partly built upon the tax
scheme which limits many businesses’ tax liabilities to just 10%.

The BBC quotes Heather Bestwick of Jersey Finance, the representative body
for finance firms on Jersey, said: “There’s a bit of nervousness about having to
announce any changes before we’ve really bedded in the zero-ten system.”

The assessment of scheme by the Eu is due to take place next month.

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