Island of Jersey to Adopt Global Minimum Tax Rules, Incentives

The Island of Jersey, a British Crown Dependency, announced Tuesday that after consultation with stakeholders, it will adopt some of the global minimum tax rules as well as incentives and other business support measures.

The Jersey government said in a statement that through legislation, it would adopt the global minimum tax’s income inclusion rule, as well as a multinational corporate income tax. The island also noted explicitly that, for the time being, the government wouldn’t apply an ...