Mr Gurria made particular reference to the joint statement issued by the Crown Dependencies on 15 June 2013, in which the Island committed to join the pilot initiative of multilateral automatic tax information exchange launched by the UK and four other EU Member states, to publish an action plan on beneficial ownership and to join the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.

Mr Gurria said: “I look forward to Jersey’s active participation in the work of the Co-ordinating Body of the Multilateral Convention to address the issue of international tax avoidance and evasion.”

The Chief Minister, Senator Ian Gorst, is pleased that Jersey’s continued compliance with international standards and support for the international efforts to improve tax transparency has been recognised by the OECD. He said: “We have expressed a wish to be directly involved in the work of the OECD on improving international tax transparency, particularly through our role as a vice-chair of the Peer Review Group of the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes.

We will also continue to respond promptly and effectively to requests for information from tax authorities or law enforcement agencies, and give every assistance to developing countries in building up their revenue-raising capacity.”

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