Jersey’s Deputy Chief Minister has welcomed an announcement from the UK Treasury, which calls on other jurisdictions to follow Jersey’s example in showing a firm commitment to transparency and exchange of information in tax matters.

 Senator Philip Ozouf says: “The Financial Secretary to HM Treasury, Stephen Timms, has welcomed our progress in signing Tax Information Exchange Agreements, and has stated clearly that this strengthens our reputation as a jurisdiction committed to good governance in tax matters.

 “We have recently concluded our fourteenth TIEA, by signing with Australia earlier this month. We plan to continue this programme of negotiating agreements, which began with the USA in 2002. The next TIEA signing we have scheduled is with New Zealand.”

 HM Treasury issued its statement today. The announcement also recognises that Jersey is committed to international standards of anti-money laundering legislation and practice, counter terrorist financing legislation and financial regulation.