Building on its ongoing work to increase fiscal transparency, which began with the signing of its first Tax Information Exchange Agreement with the USA in 2002, Jersey concluded its fifteenth TIEA on July 28 with New Zealand.
The agreement was signed at the New Zealand High Commission in London by Jersey Chief Minister, Terry Le Sueur, and New Zealand’s High Commissioner to the United Kingdom, Derek Leask.
Commenting on the signing, Le Sueur said, “New Zealand has joined other jurisdictions in welcoming Jersey as a member of the community of nations committed to international cooperation and information exchange on tax matters and has affirmed that Jersey will be treated accordingly by the New Zealand authorities.
"This agreement is further evidence of our willingness to support the G20 and other international initiatives. This includes our willing compliance with international standards of financial regulation, anti-money laundering and combating the financing of terrorism.
“In a letter to the British Prime Minister, after the G20 Summit in April, I stated that Jersey intended to reinforce its position on the OECD ‘white list’ of countries that have substantially implemented the internationally agreed tax standard by the signing of more TIEAs. Today’s agreement signed with New Zealand is an important contribution to this ongoing process.”
With the New Zealand agreement, Jersey has signed 15 TIEAs, 13 of which are with OECD Member States. Jersey is close to signing a TIEA with Italy and is working to complete negotiations on similar agreements with Canada and Spain. Jersey has extended invitations to enter into TIEA negotiations with all G20 countries that are not OECD members, and with the remaining OECD member countries.
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