Jersey Responds To OECD List

by Jason Gorringe, Tax-News.com, London

07 April 2009

Jersey’s Chief Minister, Terry Le Sueur, has welcomed the news that Jersey’s long-standing commitment to meeting international standards of financial regulation and transparency has been recognised by the OECD, in its Tax Pledge, published following the G20 Summit on April 2.

Le Sueur says: “The OECD has published its report into the progress made by financial centres towards meeting the internationally agreed standard on exchange of information for tax purposes. This report highlights Jersey as one of the jurisdictions that have substantially implemented the internationally agreed tax standard. In the report, Jersey features on the ‘white list’ alongside jurisdictions like the UK, USA, France and Germany.”

“We have always been confident that Jersey’s position as a well-regulated, international finance centre which meets global standards of financial regulation and tax information exchange would be recognised internationally.”

“We have been working closely with organisations like the OECD, the International Monetary Fund, the Financial Stability Forum and the Financial Action Task Force on these matters for many years and we will continue to work with the international community as the OECD develops frameworks for strengthening governance of the world economy.”

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