In March 2020 Ethical Consumer viewed the JZ Capital Partners 2019 Annual Report. The company stated that it was domiciled in Guernsey and that JZ International (JZI) was one of its investments.

It also had 75% partnership interest in JZI Fund III GP and EuroMicrocap Fund, both domiciled in the Cayman islands, and a 79% interest in Orangewood Partners Platform LLC1, domiciled in Delaware. All of these jurisdictions were considered by Ethical Consumer to be tax havens at the time of writing.

The company's Annual Report contained no country by country tax reporting. A statement was found in the Annual Report that "The Board has approved a policy of zero tolerance towards the criminal facilitation of tax evasion, in compliance with the Criminal Finances Act 2017." This was not considered to be a clear public tax statement confirming that it was this company’s policy not to engage in tax avoidance activity or to use tax havens for tax avoidance purposes. An internet search using the search terms “[company name] tax policy statement country” found no country-by-country financial information or reporting (CBCR), nor clear public tax statement confirming that it was this company’s policy not to engage in tax avoidance activity or to use tax havens for tax avoidance purposes AND the company provides a narrative explanation for what each group entity located in a tax haven is for, and why it is not being used for purposes of tax minimisation.

The company received Ethical Consumer's worst rating for likely use of tax avoidance strategies.

Reference:

JZ Capital Partners 2019 Annual Report (1 April 2020)