Jersey Finance – the promotional agency for the island’s financial services industry – has welcomed the signing of a Tax Information Exchange Agreement (TIEA) with Canada - Jersey's twentieth agreement to enhance tax cooperation with third countries.
The agreement was signed on January 12 by the Canadian High Commissioner to the United Kingdom during a visit to Jersey to meet the island’s Chief Minister, Terry Le Sueur.
Welcoming the agreement, Jersey Finance said: “The finance industry is fully supportive of the series of TIEAs signed by the Jersey authorities, which are set to continue. They help to reinforce the high standards of Jersey’s finance industry and signal Jersey’s continuing participation in global initiatives designed to strengthen the financial services system and combat fiscal crime.”
Geoff Cook, chief executive of Jersey Finance, added: “This latest TIEA with Canada is another significant step in strengthening Jersey’s ties with some of the largest economies in the world. Jersey has now signed agreements with nine of the G20 nations, with a further seven either initialed or fully negotiated. Not only does this reflect the international dynamic of Jersey’s finance industry, it also demonstrates how the world’s leading countries view the quality and robust nature of Jersey’s legislative and regulatory framework.”
A comprehensive report in our Intelligence Report series, examining in depth the situation of offshore transparency and secrecy in a number of the most prominent jurisdictions, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report2.aspTags: tax | law | offshore | agreements | financial services | tax havens | international financial centres (IFC) | tax information exchange agreement (TIEA) | Canada | Jersey | standards | services | Jersey | Canada
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment