CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Bailiff Tells UK To Stand By Jersey Against OECD

Bailiff Tells UK To Stand By Jersey Against OECD

Tax-news.com

28 November 1999


Speaking at a dinner last week in honour of UK Minister for the Channel Islands Lord Bassam, the Jersey Bailiff Sir Philip Bailhache said that it was the UK Home Secretary's constitutional duty to defend Jersey's interests 'with all the power and authority at his disposal'.

Sir Philip said that Jersey had 'serious difficulties' in making officials accept its right to defend its interests with regard to the OECD forum on tax matters, and that the issue had been raised in discussions between senior Island politicians and Lord Bassam. He also said that Jersey's people currently feel 'in need of friends'.

'Never has it been more important that a full understanding of the constitutional relationship between Jersey and the UK should permeate every relevant layer of decision-making in Whitehall,' said Sir Philip.

Lord Bassam later told a local newspaper that he believed that the British government had worked very hard to ensure that it represented Jersey's best interests and would continue to do so by putting Jersey's case to the OECD . He also gave his reaction to Lord Lamont's recent comments on independence in which he called Prime Minister Tony Blair 'a constitutional vandal', saying that Lord Lamont's views are 'outdated and rather right-wing'.

With regard to British intervention and Jersey's autonomy over its tax affairs, Lord Bassam said he did not believe the island has anything to be worried about, and the OECD's forum on tax matters "will probably enhance and improve the position of offshore finance centres because there will no longer be the argument that they are the beneficiaries of what is sometimes called dirty money. If that beneficial position can be arrived at, that will strengthen that part of Jersey's economy."

Lord Bassam also singled out for praise the Jersey Financial Services Commission for they way in which it handled the issues Andrew Edwards raised in his report, saying it "has added credibility to the way in which financial matters here are regulated, and that has got to be good. It helps to secure long-term investment, and that's got to be good for Jersey."

.

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »