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| Channel Islands 'among worst tax havens' worldwide | Channel Islands 'among worst tax havens' worldwide |
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| A new list of corporate tax havens has named Jersey as the seventh most "aggressive" in the world. | |
| The Tax Justice Network created the ranking by assigning a "haven score" based on 20 different criteria. | The Tax Justice Network created the ranking by assigning a "haven score" based on 20 different criteria. |
| Both Jersey and Guernsey scored 98 out of a possible 100, putting them "up there with the worst". | Both Jersey and Guernsey scored 98 out of a possible 100, putting them "up there with the worst". |
| The top three are the British Virgin Islands, Bermuda and the Cayman Islands, with Guernsey in 15th place and the Isle of Man in 17th. | The top three are the British Virgin Islands, Bermuda and the Cayman Islands, with Guernsey in 15th place and the Isle of Man in 17th. |
| A spokesperson for the Government of Jersey said they were "fully compliant" with standards set by "independent global bodies". | A spokesperson for the Government of Jersey said they were "fully compliant" with standards set by "independent global bodies". |
| Jersey was higher than Guernsey because of a larger volume of foreign direct investment. | Jersey was higher than Guernsey because of a larger volume of foreign direct investment. |
| The Tax Justice Network is calling for a shift towards "unitary taxation", which would mean corporations are taxed where they do business rather than where they have headquarters. | The Tax Justice Network is calling for a shift towards "unitary taxation", which would mean corporations are taxed where they do business rather than where they have headquarters. |
| John Christensen, a director at the pressure group, said the proposals represented "radical departure", but that he felt there is growing recognition of a need for change. | John Christensen, a director at the pressure group, said the proposals represented "radical departure", but that he felt there is growing recognition of a need for change. |
| He also said that the Channel Islands must "take account" of the shift as they could be left "high and dry". | He also said that the Channel Islands must "take account" of the shift as they could be left "high and dry". |
| The new index contradicts the European Union's removal of the Channel Islands from their tax haven "grey list" in March. | The new index contradicts the European Union's removal of the Channel Islands from their tax haven "grey list" in March. |
| However Mr Christensen said that the EU system was "flawed from the start", and that they would not blacklist it's own members or their dependencies. | However Mr Christensen said that the EU system was "flawed from the start", and that they would not blacklist it's own members or their dependencies. |
| An EU Commission spokesperson said that, by international standards, no member state can be described as a tax haven and the criteria for non-EU countries is the same. | An EU Commission spokesperson said that, by international standards, no member state can be described as a tax haven and the criteria for non-EU countries is the same. |
| Their process had proven to be a "true success", with many jurisdictions adapting to international standards, they added. | Their process had proven to be a "true success", with many jurisdictions adapting to international standards, they added. |
| A UK government spokesperson described tacking tax avoidance as a "priority" and said they had been at the "forefront of international action". | A UK government spokesperson described tacking tax avoidance as a "priority" and said they had been at the "forefront of international action". |
| Guernsey's government has been approached for comment. | Guernsey's government has been approached for comment. |