Channel Islands propose new economic substance rules
With the consultation set out in response to the EU’s Code of Conduct Group’s concerns on ensuring economic substance closing today, Jersey, together with Guernsey and the Isle of Man, has proposed new tax rules.
The proposed rules, set to come into force on 31 December 2018, are limited to companies active in banking, insurance, fund management, financing and leasing, headquarters, shipping, holding company activities and IP.
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