News Summary

• High value residents pay a 20% tax rate on the first £1.25m of worldwide income.
• They then pay a 1% on any income above £1,25m and there are some who feel these individuals should be paying more tax.
• Industry leaders from law, finance, business and real estate met at a Chamber of Commerce lunch to discuss the role of high value residents in Jersey.
• One attendee, Mary O'Keeffe, said they contributed a lot to the economy and philanthropic causes.