Gibraltar, Guernsey And Jersey To Meet On OECD Tax Threat

Panorama

12 April 2001

This story is reproduced by kind permission of Panorama at: http://www.panorama.gi

Gibraltar, Guernsey and Jersey are to meet next week on matters relating to the offshore tax threat from the OECD, which has warned a list of territories to comply with the removal of harmful taxes or face possible economic sanctions.

Territories have until July to make their intentions known, and to comply fully on a series of measures, by 2005.

The talks between the chief minister of Gibraltar Peter Caruana and the governments of Jersey and Guernsey are to take place on Monday at the Gibraltar government office in London.

Mr Caruana is accompanied by minister for trade and industry Keith Azopardi, finance centre director James Tipping, Gibraltar Brussels office director Michael Llamas and the chief minister's private secretary John Reyes.

"The meeting with the representatives of Jersey and Guernsey is related to OECD tax matters and is part of the continuing process of coordination between Gibraltar and the Crown dependencies," said a statement from the chief minister's office.

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