The Jersey Evening Post has published a long article tonight which both defends and criticises the Channel Islands stock exchange.
Since they never miss a chance to publish a picture of me (I suspect I'm appearing at the rate of about once a fortnight over recent months) they stuck another one in tonight's article alongside one of my biggest fans on the island - Geoff Cook of Jersey Finance:
They then quoted me as follows:
There's not really much I can add to that.
Nor much they can say that would suggest it isn't what I claim, not least because in the last week the Channel Islands Stock Exchange has been subject to considerable regulatory condemnation suggesting, to me, that no one would use it unless tax was the motive.
In that case why does HM Revenue & Customs recognise it as a proper stock exchange when much of this abuse could be ended if it stopped doing so?
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The Jersey Evening Post has published a long article tonight which both defends and criticises the Channel Islands stock exchange.
It’s an ill wind – we can always blame the lot in Guernsey who run CISX 🙂
Hi Richard
Not sure if you’re aware, but Guernsey’s current Chief Minister was both a founding director for CISX, a partner at a leading legal firm that did ‘the work’, and a leading figure in the GFSC, the regulator. At the same time.
What %age of bonds issued on the CISX were ever available for possible purchase by the public ?
I work for a jersey based firm which runs a CISX listed retail fund for multiple jersey resident investors. Could you plese explain how our decision to list on the CISX is tax motivated ?
Thank you
You can do what you wish in Jersey
That does not require HMRC to recognise your ‘stock exchange’ for UK tax purposes
That was my argument