Saturday, 26 October 2013
"Since When Has Emperor Bailhache Had The Authority To Change Tax Regulations?"
Jersey's making changes to its tax rules after being black-listed by the French.
Work has been going on since the end of August, when France announced it had branded the island "an uncooperative jurisdiction".
Officials there said it was placing the island on its black list over the way it shares tax information.
Now the Minister for External Relations, Senator Sir Philip Bailhache, has revealed he intends to make changes to Jersey's tax regulations, including halving the time people have to make appeals.
He says that will match international standards and go some way to making the French happy again.
Jersey has until the end of the year to get things sorted before the black-listing becomes official.
Requests have been made for top-level talks with France's Finance Minster to avoid that happening.
If it did, it would be a huge reputational blow to the island.