PLAN 'B' FOR JERSEY
From: richard_murphy@btconnect.com
To: intertax@listen.attac.de
Subject: [Intertax] Plan B for Jersey (or any other secrecy jurisdiction you care to name)
Jersey has just launched a public consultation on the future of its tax system
I have written a submission but show that at the heart of Jersey's problems is the fact that it remains a secrecy jurisdiction - and their market is dying
So I have written a new industrial strategy for Jersey - which is radical and transformative and could make them a lot of money. I have challenged them to become the MOST transparent jurisdiction in the world - the place where honest people will choose to do business because everything will be on public record
They say they have nothing to hide. Plan B says in that case you've nothing to lose and everything to gain by going for transparency.
Until now Jersey was not ready for Plan B - it's crisis was not big enough for it to embrace change.
Now it is - the deficit I forecast five years ago is overwhelming them.
but never again can it be said we have not delivered an alternative. Because we have.
It is radical. But it has Jersey’s strengths at its core, exploitation of a new market as its focus and it is consistent with the state of Jersey finance as it says it is
The only possible reason for not doing it is Jersey’s finance centre really does not do what it says it does,,,, But that’s another issue
Best regards
Richard
Director
Tax Research LLP
The Old Orchard
Bexwell Road
Downham Market
Norfolk PE38 9LJ
United Kingdom
+44 (0) 1366 383500
+44 (0) 777 552 1797
skype: richardmurphy1572
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