Jersey has been invited to take on the role of Vice Chair for a new Peer Review Group (PRG) set up by the OECD at its recent Global Forum on Tax Transparency and Exchange of Information.
Almost 90 jurisdictions and a large number of International Organisations met in Mexico, and agreed that the PRG should develop terms of reference for a robust, transparent process to assess how effectively the international standards of transparency and exchange of information for tax purposes are being implemented by individual jurisdictions.
The OECD Global Forum elected France (Francois d’Aubert) to Chair the Peer Review Group, with India, Japan, Singapore and Jersey as Vice Chairs.
The States of Jersey’s Advisor for International Affairs, Colin Powell, will be taking on the role. Mr Powell said: “It is a great honour to be invited to sit on the Peer Review Group as one of the Vice-Chairs. This position is further confirmation that Jersey is seen by the international community as a cooperative jurisdiction and as a member of the community of nations committed to the international principles of transparency and information exchange. I am looking forward very much to playing my part in this important exercise.”