Jersey is strengthening its position.

28.09.2011 The island of Jersey, as an offshore zone, is a favorable area for investment because of obvious tax advantages offering. Recently (September 23) the state budget for the next year has been approved. The main issues of the project are the abundance of measures to increase tax revenues, respectively, into the budget, as well as programs to support low-income citizens. Jersey officials declare that the measures imposed by the country strengthen its financial position, thereby occupying an advantageous position in the international arena.
Deputies assure that the economic indicators are slowly but surely growing. By 2013, the island budget is planned to be deficit-free.

Expert’s opinion

“To invest in a country it’s not enough just to see the tax advantages that a state can provide. It is important to know the overall situation in the country: first of all its economic performance, the standard of living, stable political system. The fact that Jersey has strengthened its position by making changes in certain areas including budget should have a positive impact on the quantitative indicators of investment flow into the country”.

On the basis: www.tax-news.com

Andrianova Irina ( The lawyer of international consulting department of “Honest & Bright” )