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Major Calms Channel Islands EU Tax Fears

Tax-news.com

15 November 1999


Speaking at a seminar in Jersey, former UK Prime Minister John Major said that the Channel Isles should not be worried about the threat of EU tax harmonisation to their tax status. Mr Major said "There are important moves towards tax harmonisation and greater European integration", but in his opinion Switzerland has more to fear from these developments than the Channel Islands. Mr Major went on to say that any action against tax havens would require a co-ordinated effort from all EU member countries and although some form of tax harmonisation is likely, it is not imminent.

Mr Major also added his support to recent comments by his former Chancellor, Lord Lamont, that Tony Blair is a "constitutional vandal".

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