By

Alun Griffiths
The EU’s Code of Conduct Group (Business Taxation) recently introduced an extra criterion of ‘economic substance’ for tax-resident companies, implying that financial centres should abolish tax regimes that ‘facilitate offshore structures which attract profits without real economic activity’. The following links are a collectiong of useful information to how Jersey entities could be affected by...
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Jersey’s government has tabled legislation designed to satisfy the EU Code of Conduct Group (Business Taxation)’s ‘economic substance’ test, a vital part of the European Union’s criteria for placing third countries on its blacklist of jurisdictions that do not practice ‘fair taxation’. The EU list, first published in December 2017, was divided into three sections:...
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​The Jersey Financial Crime Strategy Group (JFCSG) – comprising representatives from the Government of Jersey, Jersey Financial Services Commission, States of Jersey Police and Jersey Customs and Immigration Service – have launched a public consultation on the implementation of the 2012 Financial Action Task Force (FATF) Recommendations on Anti-Money Laundering (AML) and Countering the Financing...
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​The Minister for External Relations, Senator Ian Gorst, yesterday finalised a new double taxation agreement with the UK government The formal process, known as an exchange of letters, took place in London in a meeting with the Financial Secretary to HM Treasury. This new Double Taxation Agreement (DTA) replaces an existing agreement from 1952. While...
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Mourants recently issued a nice summary detailing a slight pull back on the proposed changes to Captial Gains Tax on UK commercial properties owned by offshore vehicles, due to come into effect from 6 April 2019.   The changes will have a significant impact on Jersey companies with UK commerical property. https://www.mourant.com/file-library/2018—media/2018—updates/payment-of-uk-cgt-by-nonuk-residents-on-uk-commercial-property-gains-relief-for-tax-exempt-investors-and-overseas-funds.pdf UK residential properties held...
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The Jersey Financial Services Commission (JFSC) has issued a guidance note containing information about our approach to ICO activity. ICOs are a digital way of raising funds from the public using distributed ledger technology. The guidance note details the JFSC’s approach to businesses that wish to launch an ICO in Jersey. The note sits alongside...
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We have been working with the guys at Hirro Digital to update our branding & create a brand new website. A fresh, clean feel for us to showcase our services.
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The Directors of @FWJersey are delighted to announce that the Jersey Financial Services Commission has granted Forward the additional licenses required to extend its client offering to include the full suite of Trust & Company administration and management services. The additional licenses allows Forward to increase the range of services that we can provide to...
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