called2account

Sign In

Not Registered?

Subscribe

Subscribe to called2account.


Mar 10
Wednesday

Jersey is not an obstacle to UK citizenship based taxation.

Filed under Tax Research

There’s a letter in The Times this morning which in the interests of public debate I am going to reproduce in full:

Sir, Despite Clive Stafford Smith’s eminence as a lawyer, his proposed solution to the “kerfuffle” surrounding non-doms lacks the simplicity that he implies (“Just pay up in full”, letter, Mar 8).

US citizenship is clearly the citizenship of a single federal state that is entitled to tax its nationals as it so wishes. By contrast, those holding British citizenship include people from the Channel Islands and the Isle of Man, which are separate historic jurisdictions that are not represented in the UK Parliament but have their own governments and legislatures.

The people of Jersey have, for the past millennium, shown loyalty to their sovereign while claiming the right to not be subject to any form of taxation to which they had not consented. It would surely not be “fair enough” from a constitutional perspective either to seek to override the ancient rights and privileges enjoyed by islanders or to consider them any less British.

Gregory G. P. White
Advocate of the Royal Court
Saint Helier, Jersey

Clive Stafford Smith is, I admit, one of my heroes – a man who has dedicated himself to saving those on death row.

And Geoffrey White is a  lawyer who works in a cowardly island that is a secrecy jurisdictions - which are places that intentionally create regulation for the primary benefit and use of those not resident in their geographical domain. That regulation is designed to undermine the legislation or regulation of another jurisdiction. To facilitate its use secrecy jurisdictions also create a deliberate, legally backed veil of secrecy that ensures that those from outside the jurisdiction making use of its regulation cannot be identified to be doing so.

If evidence is needed of my claim see what he’s written. No, he’s saying to the UK, you can’t charge fair taxes because we’re going to stop you.

But he ignores the solution (of course). That is that the real people of Jersey – those with Jersey issued passports – could be exempted from this charge if that was considered desirable and appropriate.

But he does not seek to suggest that obvious and easy solution. He just uses his ‘Britishness’ to undermine the UK’s tax system and necessary reforms to it to make it more effective – not least by ensuring tax is paid by those who avail themselves of the services of the Jersey finance industry and its tax exile offering.

It’s time professional people changed their tune: their duty is to support tax systems - not undermine them.

Featured, re: The Auditors - 2008-11-26 - comment

FEI CIFRC - Unexpected Pleasures Part 2

The speeches at the FEI conference were all great and I have quite a few more Twitter excerpts to reprint, along with more thoughtful commentary now that I have had a few days to reflect.  So, more dispatches to come, including a magnum opus on "going concern" and theories of auditors' liability. I mentioned in a previous post that press briefings ... continue

AccMan

RightNow’s CSA – a game changer?

RightNow’s CSA announcement from last week could be a game changer for SaaS and on-premise providers alike. The above video sets out my thinking behind last week’s Customer Service Agreement (CSA) announcement by the company. At the time, I wrote a short analysis over at ZDNet. The above video is a presentation put into the video format. I did it this way because Mac’s Keynote allows me to record an audio commentary to go with the slides. In turn that meant I could use my standard video intro/outro to top and tail the presentation.While I was assembling ... continue

More filed under: AccMan

re: The Auditors

In Pari Delicto: Are Auditors Equally At Fault In The Big Fraud Cases?

The way I see it, the in pari delicto doctrine is being used like a pair of needle nosed pliers by audit firm defense lawyers to diffuse the bomb which is huge liability for some of the biggest frauds in history. The in pari delicto doctrine attempts to pull the auditors' tails from the fire by excusing any of their guilty acts due to the approval of those acts by potentially equally guilty executives. continue

More filed under: re: The Auditors

Tax Research

Jersey is not an obstacle to UK citizenship based taxation.

There’s a letter in The Times this morning which in the interests of public debate I am going to reproduce in full: Sir, Despite Clive Stafford Smith’s eminence as a lawyer, his proposed solution to the “kerfuffle” surrounding non-doms lacks the simplicity that he implies (“Just pay up in full”, letter, Mar 8). US citizenship is clearly the citizenship of a single federal state that is entitled to tax its nationals as it so wishes. By contrast, those holding British citizenship include people from the Channel Islands and the Isle of Man, which are separate historic jurisdictions that are not represented in ... continue

More filed under: Tax Research



All content and source © 2008 called2account | News Plus wordpress theme brought to you by Zidalgo and hacked by D A Howlett.