Taxing perceptions

But the article was actually less revelatory than the headline suggested. It quoted from e-mails written by what it said was Jersey’s treasury minister Paul de Gruchy. In fact, Mr de Gruchy is a civil servant working with international finance director John Harris. The e-mail stated: “The tax burden, as with inheritance tax in the UK, will be borne by those who are moderately wealthy but not so wealthy as to be able to afford to place significant assets out of reach for a reasonable amount of time.” Another e-mail quoted in the article stated that the island’s trust reform will “allow Jer...