France adds Jersey, Bermuda to tax-haven blacklist

France has added Jersey, Bermuda and the British Virgin Islands to its list of uncooperative tax havens.  The entry gave no reason for the move. According to data compiled by the French government through to August 2011, Jersey and Bermuda had responded to all French requests for information. The British Virgin Islands had responded to 31 out of 41 requests.  Tax has always been a sensitive issue for France, which has among the highest tax takes in the developed world, but President Francois Hollande has been under pressure to regain the initiative after the embarrassing resignation of his budget minister this year over a secret Swiss bank account.”

http://www.reuters.com/article/2013/08/29/france-tax-jersey-idUSL6N0GU3PR20130829

The Freedom Watch Staff

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