Jersey Signs TIEAs With Turkey, Mexico

by Jason Gorringe, Tax-News.com, London

29 November 2010

Jersey Finance welcomed the signing of two further Tax Information Exchange Agreements (TIEAs) last week, with Turkey and Mexico.

Jersey Finance – the promotional agency for the island’s financial services industry, stated: “The finance industry is fully supportive of the series of TIEAs signed by the Jersey authorities, a programme that is set to continue. Including these two latest agreements, both of which are with G20 nations, Jersey has now signed a total of 19 TIEAs.”

“The agreements emphasize Jersey’s commitment to meeting international tax standards of transparency and information exchange and demonstrate Jersey’s willingness to participate in global initiatives designed to strengthen the financial services system and combat fiscal crime.”

Geoff Cook, Chief Executive of Jersey Finance, commented:

“This is further good news for Jersey, raising its profile as a leading international finance centre and adding weight to Jersey’s reputation as a transparent, rigorously supervised, highly regarded jurisdiction."

“That both Mexico and Turkey are G20 countries is particularly significant Jersey has now signed, initialled or completed negotiations with 16 of the G20 nations.”

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