Jersey substance proposals – the fund managers' perspective

The Guidance Notes are expected to confirm that some, but not all, CIGAs must be carried on in Jersey. Consideration will need to be given to ensuring sufficient CIGAs are carried on in Jersey to avoid a letter-box entity characterisation.


Weakness Found In MOF Audit

The audit prepared by U.S.-based business advisory firm, FTI Consulting, also revealed that at the time the lease was executed, Atillio had no business history or evident qualifications as a real estate broker or leasing agent.


EU mulls blacklisting its own Member States

Lawmakers and campaigners questioned whether countries like Luxembourg, Malta, Ireland or the Netherlands should be considered tax havens due to their tax rules.