Our man in London to promote finance
Saturday 31st July 2010, 3:00PM BST.
THE Chief Minister’s department is opening a new office in London to promote Jersey as a finance centre.
The office, which will amount to one small rented room next to the office of the Jersey Finance representative in the capital, will be used by the States director of international finance, Martin de Forest-Brown.
Mr de Forest-Brown, who has been in Jersey for four years and comes from London, will continue to be employed by the Chief Minister’s department, but will be based in London.
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I thought that is what we funded Jersey Finance to do….
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What does the Jersey Finance representative do – is it not a similar role?
Is this not a rather expensive duplication?
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Great, so we are now promoting the Island for tax avoidance services right in the heart of London. That will go down well with the UK Government and Tax Justice critics.
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No suprise there again just what the island wanted more suport for that dratted finance
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I live in London and come from Jersey. I wonder if the UK will set me up with a base in Jersey?
I can tell you all a thing or two about what London has to offer!
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That’s a pompous surname if ever I heard one.
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Anybody who knows anything about finance will already know Jersey is a major finance centre.
Why waste money to have this person sit in a room in London?
5) I agree…this position sounds ridiculous. It seems we are now employing non-locals….NON-LOCALLY!!!!
The powers that be have definitely lost the plot!
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If the Jersey Director of International Finance is now based in London, does that mean that he will is UK tax resident and, if so, will he therefore now be contributing any tax on his generous salary to the Jersey coffers? 20% of, say, GBP150,000 (probably the going rate) is GBP30,000 – that’s a fair amount of lost tax revenue.
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