So says the chief executive of home shopping firm Flying Brands, which on Friday reported a four per cent rise in profit before tax during 2004.
Mark Dugdale says it is important for Jersey’s politicians to understand the difference between genuine Jersey companies and those that are here ‘flying a flag of convenience’.
In recent months politicians have been hailing fulfilment as a major development for the Island’s business sector, which is seeking to diversify.
At the end of last year Tesco and Amazon both announced that they were setting up operations in the Island to take advantage of a European Union ruling, which means that small items like CDs, contact lenses and other low value goods can be exported without paying VAT.
