HM Treasury in the United Kingdom has issued a statement welcoming Guernsey’s progress in signing agreements on the exchange of information, which is strengthening its reputation as a jurisdiction committed to good governance in tax matters.
Guernsey has recently concluded its fourteenth Tax Information Exchange Agreement, signed with New Zealand on July 21, and also has agreements with the following jurisdictions: Denmark, Faroe Isles, Finland, France, Germany, Greenland, Iceland, Ireland, Netherlands, Norway, Sweden, United Kingdom, United States.
In HM Treasury’s statement, Financial Secretary, Stephen Timms said:
“I warmly welcome Guernsey’s continuing progress in concluding Tax Information Exchange Agreements. Guernsey’s firm commitment to transparency and exchange of information in tax matters is very encouraging, and I call on others to follow their example”.
The United Kingdom also recognised Guernsey’s commitment to international standards of anti-money laundering legislation and practice, counter terrorist financing legislation and financial regulation, and also commended Guernsey’s participation in international efforts to combat financial crimes.
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