Guernsey as Jersey

24.04.2012

The government of the island reported that the EU working group on the business taxation took out a preliminary estimate to the preferential corporate tax Guernsey regime.

The regime of 0-10 % operating at the moment in the country, was recognized noncompetitive and contradicting normal practice of the taxation.

As a result it was decided by the Guernsey government to make the corresponding legislative changes of the corporate tax legislation.

Let's notice, a little earlier, under EU pressure, similar reforms already took place on the island of Jersey and Man. 

Expert’s opinion

«The island of Guernsey is the biggest one of the Channel Islands. The company registered in Guernsey, is good variant for doing the international business, in view of a geographical position of the island, political stability and the taxation.

Nevertheless, the pressure rendered from EU, can lead to essential changes in the financial sphere of the country.»

On the basis: http://www.gov.gg

Lomakina Irina ( the director of Moscow office of Honest & Bright )