We can win the argument, says head regulator
Monday 3rd December 2012, 3:00PM GMT.
JERSEY has to be more assertive in getting its arguments across that it is a not a haven for tax evasion, says the director general of the Jersey Financial Services Commission.
John Harris said that the Island should be looking to take a ‘positive rather than negative and defensive position’ when quizzed about how it deals with tax matters in future.
‘I get personally quite frustrated that when we get asked a question about tax, we give a regulatory answer and say how well regulated we are,’ he said.
Mr Harris, who was speaking on Thursday at a conference at the Hotel de France in front of 230 financial professionals, said that he believed that the Island had a wide range of laws and measures in place designed to deter and prevent tax evasion by UK and European citizens.
He argued that when UK and European politicians’ targeted’ places like Jersey they were working to ‘agendas’ and are ‘fuelled by an indignant press’ unwilling to accept that the Island was not a jurisdiction that facilities tax evasion.