Internet Retailing
Internet business is booming in Jersey. Some of internet retail’s biggest names are setting up to do business in the island. The business advantages of offshore fulfilment can be significant and as such has attracted major players. In competitive, price-sensitive markets, such as CD retailing, being able to pass on a discount of 17.5% can make a serious difference to a company’s prospects. Jersey has tightened up its rules on who can and who cannot take advantage of the tax benefit. The most visible success story so far has been Play.com a company run and owned by Jersey residents.
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