There has been some talk recently that we should not reform our corporate tax system, for fear of unsettling the finance industry. As a former international tax specialist, this seems to me mostly uninformed, and I feel I should set out the facts. Guernsey taxes companies and individuals on a world-wide income basis. In broad terms, this means that residents are liable to Guernsey tax on all of their income, wherever it arises. In some cases, relief by way of credit is granted for any foreign taxes paid on that income. Guernsey’s regime was modelled on the UK tax system

23rd November 2015 No Comments Charles Parkinson Tax Reform