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Ireland Signs TIEAs With Anguilla, Turk And Caicos Islands,
by Robert Lee, Tax-News.com, London
Friday, July 24, 2009
Ambassador of Ireland to the United Kingdom, Bobby McDonagh, signed Tax Information
Exchange Agreements with Anguilla and the Turks and Caicos Islands on behalf
of Ireland, in London on July 22, 2009.
In a statement Irish Revenue welcomed the commitment of both Anguilla and
the Turks and Caicos Islands to enter into agreements implementing the OECD
standard of transparency and exchange of information in tax matters. It further
noted that the signing marked a new chapter in relations between Ireland and
both jurisdictions.
The Tax Information Exchange Agreements (TIEAs) are based on a model agreement
developed by the Organisation for Economic Co-operation and Development (OECD).
They will allow the Revenue Commissioners to request information from their
counterparts in both Anguilla and the Turks and Caicos Islands that is relevant
to an Irish tax investigation. Such information would typically relate to bank
accounts or the beneficial ownership of companies or trusts. Likewise, Anguilla
and the Turks and Caicos Islands authorities may request the Revenue Commissioners
to obtain and provide information of relevance to their tax investigations.
Ireland has recently signed TIEAs with the Cayman Islands, Isle of Man, Jersey,
Guernsey and Gibraltar.
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