Jersey - a compliant tax haven?
Jersey has recently concluded its 14th Tax Information Exchange Agreement.
Tax Information Exchange Agreements (TIEAs) allow governments to enforce domestic tax laws by exchanging, on request, information that they consider relevant for tax assessment and compliance purposes. TIEAs are based on the principles of transparency and exchange of information developed by the Organisation for Economic Co-operation and Development (OECD) and endorsed by the G20.
Jersey has now signed TIEAs with Australia, Denmark, The Faro Islands, Finland, France, Germany, Greenland, Iceland, Ireland, Netherlands, Norway, Sweden, the UK and the USA.
Cathy Corns is a tax adviser and a partner at Mercer & Hole. The views given in this blog are personal to the author.
Date: 27th July, 2009
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