Jersey Finance has welcomed the signing of the Tax Information Exchange Agreement (TIEA) with Austria which took place in London today (September 7, 2012)

Geoff Cook, chief executive of Jersey Finance Limited, commented:

‘It’s important for the future development of the finance industry that Jersey enters into tax agreements with the Members States of the European Union and so we welcome this latest TIEA signing with Austria. It helps to cement Jersey’s reputation as a well regulated jurisdiction committed to international co-operation.’

Jersey has to date signed a total of 33 tax agreements to the OECD standard of which 15 are with EU Member States and the Chief Minister’s department has announced that negotiations with the remaining ten Member States are well advanced.

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Note to Editors

The Treasury and Resources Minister, Senator Philip Ozouf, signed the agreement at the Embassy of the Republic of Austria in the presence of the Ambassador, Emil Brix.