From the Jersey Evening Post.
Read MoreCOURT QUESTIONS ITS WILLINGNESS TO ASSIST AGGRESSIVE TAX AVOIDANCE SCHEMES THROUGH THE USE OF RECTIFICATION
In the matter of the Representation of IFM Corporate Trustees Limited v Helliwell and Mountain[2015] JRC160 the Royal Court of Jersey was asked to exercise its discretion to make an order for rectification. It warned that if a trust constitutes a scheme that is technically lawful but is so contrived and artificial that it would […]
Read MoreJersey Breaking Ground On Bitcoin, Clarifies Tax Rules
Jersey has become the first jurisdiction in the world to successfully establish a regulator-approved Bitcoin investment fund, and has set out rules on the taxation of cryptocurrencies. The open-ended fund is due to launch on August 1, 2014. Jersey’s Comptroller of Taxes has stated that Jersey’s income tax provisions on foreign exchange activities will apply […]
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