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INTRODUCTION

Jersey is a self-governing British Crown Dependency, located in the English Channel off the northern coast of France. The island's economy is based primarily on financial services, agricultural, and tourism, as well as light manufacturing. Jersey has very attractive tax rates but does not otherwise provide incentives to promote foreign investment.

Currency is British Pound Sterling (GBP).

Abbreviations:

APA Advance Pricing Agreement
CFC Controlled Foreign Company
CIT Corporate Income Tax
CUP Comparable Uncontrolled Price
DTA Double Tax Agreement
GBP British Pound Sterling
GST Goods and Services Tax
ISE International Services Entity
LLC Limited Liability Company
PE Permanent Establishment
R&D Research and Development
TP Transfer Pricing
WHT Withholding Tax