American Express Saves Taxes in (Not New) Jersey -- WSJ

Dow Jones

Feb 07

By Richard Rubin

American Express lowered its corporate income taxes by $241 million through operations on the island of Jersey in 2025, the company reported in a securities filing on Friday. The company didn't have a similar disclosure for 2024, but new accounting rules are requiring corporations to report more granular details now.

Jersey, located in the English Channel, has a population of about 104,000. It's a Crown Dependency that's governed separately from the United Kingdom.

The $241 million is the combination of two factors: Jersey's low corporate income tax rate (0% for most companies) and the 15% income tax it created as part of the global agreement to impose corporate minimum taxes. Without the Jersey effect, American Express's tax rate would have been 1.8 percentage points higher.

The company didn't immediately respond to a request for comment.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 06, 2026 15:40 ET (20:40 GMT)

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The company didn't have a similar disclosure for 2024, but new accounting rules are requiring corporations to report more granular details now. \n</p>\n<p>\n     Jersey, located in the English Channel, has a population of about 104,000. It's a Crown Dependency that's governed separately from the United Kingdom. \n</p>\n<p>\n     The $241 million is the combination of two factors: Jersey's low corporate income tax rate (0% for most companies) and the 15% income tax it created as part of the global agreement to impose corporate minimum taxes. Without the Jersey effect, American Express's tax rate would have been 1.8 percentage points higher. \n</p>\n<p>\n     The company didn't immediately respond to a request for comment. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2026 15:40 ET (20:40 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0130102774.USD","symbol_name":"Natixis Harris Associates US Equity RA USD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2609519436","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609519436","pubTimestamp":1770410400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"American Express lowered its corporate income taxes by $241 million through operations on the island of Jersey in 2025, the company reported in a securities filing on Friday. 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The company didn't have a similar disclosure for 2024, but new accounting rules are requiring corporations to report more granular details now. \n\n\n     Jersey, located in the English Channel, has a population of about 104,000. It's a Crown Dependency that's governed separately from the United Kingdom. \n\n\n     The $241 million is the combination of two factors: Jersey's low corporate income tax rate (0% for most companies) and the 15% income tax it created as part of the global agreement to impose corporate minimum taxes. Without the Jersey effect, American Express's tax rate would have been 1.8 percentage points higher. \n\n\n     The company didn't immediately respond to a request for comment. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  February 06, 2026 15:40 ET (20:40 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}