“This is an unequivocal endorsement both of Jersey’s world class tax transparency framework and its ability to make sure that this framework is working well in practice. The Global Forum’s second round of reviews is a rigorous assessment, so for Jersey to have been found to be entirely compliant in every single area is a fantastic achievement, underlining our commitment to combatting financial crime and tax abuse.

“Jersey now sits right at the very top globally in terms of standards of tax transparency, alongside a select group of less than ten other countries worldwide who have undergone this second round of reviews and ahead of most EU and G20 nations including the UK, USA, Germany, Australia, Luxembourg and Canada. This is a real differentiator for Jersey and sends out a strong message that Jersey is serious about tax transparency, whilst also serving to reinforce just how unjustifiable the claims sometimes made against Jersey’s position on tax transparency really are.”

The full report published by the OECD’s Global Forum on Transparency and Exchange of Information on Tax Matters is available here and the report on Jersey is available here.