EU Decision Reaffirms Guernsey's Status As A Cooperative Jurisdiction

On 5 December, the European Council of Finance Ministers (ECOFIN) released a list of countries it deemed to be non-cooperative tax jurisdictions.

As expected, the international finance centre of Guernsey is not on that list and has been reaffirmed as a cooperative jurisdiction by ECOFIN following a review by the EU Commission's Code Group on Business Taxation.

Guernsey Finance Chief Executive Dominic Wheatley said it was no surprise that the island continued to be endorsed as an excellent and cooperative international finance centre by the EU.

"We are committed to the highest international standards of compliance, tax transparency and neutrality, and were always confident in the outcome of this process," said Mr Wheatley.