| Newsletter
To receive
monthly updates on new features in lowtax.net
and tax-news.com just enter your e-mail address
below:
|
 |
|
| INVESTORS OFFSHORE -
NEWS |
|
UK-Jersey TIEA Signing Imminent,
by Robert Lee, Tax-News.com, London 11 March 2009
Jersey is to sign a Tax Information Exchange Agreement with the UK on March 10
as part of the island’s ongoing commitment to the OECD’s tax initiative on transparency.
The latest agreement with the UK marks the 10th negotiated TIEA for Jersey since its first in 2002, with the USA.
Jersey’s Chief Minister, Terry Le Sueur, will travel to London
to sign the UK TIEA with the Financial Secretary to the Treasury, Stephen Timms. Le Sueur said: “Our continuing
programme of signing agreements with jurisdictions across the globe confirms
our commitment to the OECD standards of tax information exchange, and demonstrates
our willingness to comply with international standards of financial regulation,
anti-money laundering, and combating the financing of terrorism."
“We are particularly pleased to have Jersey recognised by the UK as a
member of the community of jurisdictions committed to international co-operation
and information exchange on tax matters, and to have their assurance that Jersey
will be treated as such by the UK authorities.”
“Last year the OECD Secretary General referred to the fact that Jersey
has signed a number of Tax Information Exchange Agreements, and called for clear
political recognition for those offshore financial centres that have made this
kind of progress. We hope to see this reflected in the outcome of the G20 Summit
in London on April 2 and that there will greater pressure put on those countries,
including some OECD members, who have not yet shared Jersey’s commitment
to transparency and co-operation.”
The document will need to be ratified by the UK and Jersey governments before
it comes into force officially.
Jersey is due to sign a TIEA with France later this week, and subsequently
with Ireland. Negotiations are in advanced stages with both Australia and New
Zealand. Discussions are also underway with Spain and Italy, and Jersey is more
than willing to extend such agreements to all other jurisdictions, including
OECD countries, when they are ready to engage, concluded Jersey’s statement.
|
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
INVESTORSOFFSHORE.COM
