Jersey’s Deputy Chief Minister on June 10 signed a Tax Information Exchange Agreement with Australia, as part of the Island’s ongoing commitment that began with Jersey’s first TIEA signed with the USA in 2002.
Senator Philip Ozouf signed the agreement with the Australian High Commissioner to the United Kingdom, John Dauth, at the Australian High Commission in London.
Ozouf commented: “In a joint declaration, Australia has welcomed Jersey as a member of the community of nations committed to international cooperation and information exchange on tax matters and has affirmed that Jersey will be treated accordingly by the Australian authorities.”
“This agreement is further evidence of our willingness to support the G20 and other international initiatives which includes our willing compliance with international standards of financial regulation, anti-money laundering and combating the financing of terrorism.”
“In a letter to the British Prime Minister, following the G20 Summit in London in April, Jersey’s Chief Minister stated our intention to reinforce the island’s position on the OECD ‘white list’ of countries that have substantially implemented the internationally agreed tax standard, by the signing of more TIEAs. The agreement signed with Australia is an important contribution to this ongoing process.”
With this latest signing, Jersey has signed fourteen TIEAs, 12 of which are with OECD Member States. Jersey is close to signing TIEAs with Italy and New Zealand, with whom negotiations have been completed. Jersey is working to complete the negotiation of TIEAs with Canada and Spain, and has also extended an invitation to enter into TIEA negotiations to both the G20 countries that are not OECD members and to the remaining OECD member countries.
Senator Philip Ozouf signed the agreement with the Australian High Commissioner to the United Kingdom, John Dauth, at the Australian High Commission in London.
Ozouf commented: “In a joint declaration, Australia has welcomed Jersey as a member of the community of nations committed to international cooperation and information exchange on tax matters and has affirmed that Jersey will be treated accordingly by the Australian authorities.”
“This agreement is further evidence of our willingness to support the G20 and other international initiatives which includes our willing compliance with international standards of financial regulation, anti-money laundering and combating the financing of terrorism.”
“In a letter to the British Prime Minister, following the G20 Summit in London in April, Jersey’s Chief Minister stated our intention to reinforce the island’s position on the OECD ‘white list’ of countries that have substantially implemented the internationally agreed tax standard, by the signing of more TIEAs. The agreement signed with Australia is an important contribution to this ongoing process.”
With this latest signing, Jersey has signed fourteen TIEAs, 12 of which are with OECD Member States. Jersey is close to signing TIEAs with Italy and New Zealand, with whom negotiations have been completed. Jersey is working to complete the negotiation of TIEAs with Canada and Spain, and has also extended an invitation to enter into TIEA negotiations to both the G20 countries that are not OECD members and to the remaining OECD member countries.
