According to A KPMG report commissioned by the Board of Industry, the island of Guernsey is on track for becoming a successful centre for e-commerce and still has 12 to 18 months to follow in the footsteps of Bermuda, to name one jurisdiction, and become an e-commerce hub. The report lays out other recommendations for Guernsey but they are yet to be made public for commercial reasons.
Board of Industry president John Roper said of the report: 'A view that has been widely publicised in Guernsey is that there is only a very short window of opportunity. The research undertaken by KPMG has shown that the window of opportunity for attracting business to the island definitely has not been lost.'
Whilst the report does state that some jurisdictions are quite some way ahead of Guernsey in the the promotion of themselves as e-commerce centres, Mr Roper said that the race was not over and that Guernsey was still in with a good chance of being up there with the rest. He said 'No jurisdiction to date has developed itself to a position of a fully coherent e-commerce centre. The plans for development in Guernsey are at least the equal of other offshore jurisdictions.'
Guernsey is certainly keen to demonstrate that it knows how to go about its e-commerce drive. Mr Roper said that unforseen problems could arise from trying to overhaul existing infrastructure and business models too quickly and that e-laws, created for Guernsey through consultation with law firm Bird and Bird, were an important step to guard against any legal wrangles which might hinder e-commerce on the island.
Despite the renewed optimism for Guernsey e-commerce resulting from the KPMG report, the island has reached a bit of a lull in its campaign, mainly due to the fact that it currently has no director of e-commerce following the departure of former e-envoy Bob Murray. The post may not be filled until November, but in the meantime, the island's promotion of e-commerce will be continued by the Board of Industry's development department. Once the new e-director is appointed, his or her principal task will be to encourage local businesses to go online and enable the development of new Internet ventures. Mr Roper concluded ' The States of Guernsey must take the lead as facilitator and also work as necessary in partnership with the private sector to make sure decisive action is taken in good time.'
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment