This week saw some pretty positive news for Jersey, with ECOFIN
formally recognising that Jersey had done a good job in
implementing new 'economic substance' rules that would show
clearly and unequivocally that Jersey is a
cooperative jurisdiction of genuine substance.
It was a welcome result, underlining that Jersey is absolutely
committed both to clamping down on illicit financial activity and
to adding real value to the European economy.
And it's been shown that Jersey does exactly that –
each year
Jersey facilitates around €200bn of high quality inward
investment into the EU to support infrastructure development,
construction projects and businesses, supporting almost 90,000 jobs
in Member States, and we want to continue to build on that.
