Jersey Business
Jersey Offshore Information


UK MPs Call For New Offshore Crackdown Following Tesco Report

February 29th, 2008 . by

Members of Parliament in the UK have called for additional measures to prevent large companies from exploiting offshore structures to reduce tax, following a report in the Guardian newspaper concerning tax planning strategies used by Tesco, the UK’s largest retailer.


House Approves Renewable Energy Tax Act

February 29th, 2008 . by

The US House of Representatives on Wednesday approved legislation that would repeal tax breaks for major oil and gas company to pay for tax credits aimed at encouring the production of renewable energy.


IRS And Tax Treaty Partners Target Liechtenstein Accounts

February 29th, 2008 . by

The Internal Revenue Service is initiating enforcement action involving more than 100 US taxpayers, to ensure proper income reporting and tax payment in connection with accounts in Liechtenstein.


HK’s Financial Secretary Unveils Tax Cuts And Concessions In Budget

February 28th, 2008 . by

Delivering his first Budget this week, Financial Secretary John Tsang forecast a record $115.6bn surplus, and proposed a basket of measures aimed at returning wealth to the people.


Brazil Likely To Be Unaffected By US Crisis, Says President

February 28th, 2008 . by

Speaking on Monday, Brazilian President Luiz Inacio Lula da Silva suggested that the country was well-positioned to weather the economic consequences of a possible US recession.


Global Tax Commissioners Form United Front Against Tax Evasion

February 28th, 2008 . by

Tax administrations in several member countries of the OECD’s Forum on Tax Administration (FTA) have jointly announced that they are working together following revelations that Liechtenstein bank accounts may have been used for tax avoidance and evasion.


IMF Executive Board Concludes 2008 Article IV Consultation with Canada

February 27th, 2008 . by

On February 6th, 2008, the Executive Board of the International Monetary Fund (IMF) concluded its Article IV consultation with Canada, the results of which were published this week.


Australia To Review Taxation Of Managed Funds

February 27th, 2008 . by

The Australian government has announced that it has asked the Board of Taxation to review the taxation arrangements that apply to managed funds.


Levin To Probe US Citizens’ Liechtenstein Accounts

February 27th, 2008 . by

United States Senator Carl Levin (D-MI), has announced that he intends to investigate whether US citizens may have dealings with the Liechtenstein bank at the centre of the growing international row over tax evasion and offshore secrecy laws.


Swiss Voters Narrowly Accept Tax Cut Proposals

February 26th, 2008 . by

Voters in Switzerland have narrowly approved a package of government-proposed tax measures which aim to ease the tax burden on dividend-paying companies.


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