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Jersey issues tax transparency action plan

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The Jersey government has published an ‘action plan to prevent the misuse of legal persons and legal arrangements,’ which adds to its existing information on beneficial ownership and systems for tackling tax evasion and fraud.

Jersey’s Chief Minister, Senator Ian Gorst, said: ‘To coincide with the G8 summit and to share in the G8’s action to enhance transparency on beneficial ownership of companies, Jersey is publishing its own action plan. This builds on Jersey’s leading position on beneficial ownership information – recognised by the World Bank – which forms a key part of our continuing commitment to tackling tax evasion and fraud.’