Jersey is a Crown Dependency with fiscal sovereignty and therefore sets its own tax rates. The island has a 'simple and stable' tax system, which does not change much over time. This is reflected in States policies, which call for a 'low, broad, simple and fair' system.[1] Jersey does not have inheritance, wealth, corporate or capital gains tax.[2]
Jersey's tax system has been criticised as allowing tax avoidance.[3] As such, the country has been labelled by some as a 'tax haven', though this label is contested.[3][4]