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Jersey Seen As One Of The UK's Island Tax Havens

ST HELIER, JERSEY - APRIL 13: People walk on the beach St Brelade's Bay on April 13, 2017 near St Helier, Jersey. Jersey, which is not a member of the European Union, is one of the top worldwide offshore financial centres, described by some as a tax haven, as it attracts deposits from customers outside of the island who seek the advantages of reduced tax burdens. In 2008 Jersey's gross national income per capita was among the highest in the world. However, its taxation laws have been widely criticised by various people and groups including the EU. As the UK negotiates its exit from the EU having triggered Article 50, concerns have been raised as to how this will affect the future of the financial industry on the island especially as The chancellor, Philip Hammond has claimed Britain could also become a corporate tax haven if the EU fails to provide it with an agreement on financial market access after Brexit. (Photo by Matt Cardy/Getty Images)
Jersey Seen As One Of The UK's Island Tax Havens : News Photo
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675020108
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April 13, 2017
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