Jersey’s participation in a signing ceremony involving leaders and finance ministers of 51 countries and jurisdictions reflects its ongoing commitment to international cooperation and the highest standards of transparency, according to Jersey Finance.
Jersey Senator Philip Ozouf joined with other members of an ‘Early Adopters Group’ of 51 countries and jurisdictions in a signing ceremony in Berlin today (29 October), hosted by the German Minister of Finance, Dr Wolfgang Schäuble. The ceremony involved the signing of a multilateral agreement and was a further step in the implementation of a new single global standard for automatic exchange of taxpayer information.
Commenting on Jersey’s involvement, Geoff Cook, CEO, Jersey Finance, said:
“Jersey’s finance industry can clearly demonstrate an extremely strong track record as a cooperative, transparent and well regulated international finance centre, having signed up to a range of international initiatives over a number of years. This signing ceremony involving the ‘Early Adopters Group’, which Jersey committed to being part of some time ago, is a reflection of just how seriously it takes its role in combatting tax evasion and tax fraud on the global stage. We also welcome that this vision of transparency and cooperation is shared by such a broad range of other finance centres.”