Guernsey Joins 66 Others In OECD's BEPS Agreement

Guernsey reaffirmed its commitment to international tax co-operation by joining 66 other countries in an Organisation for Economic Cooperation and Development tax treaty.

States of Guernsey Chief Minister Gavin St Pier was in Paris on Wednesday 7 June to sign the ground-breaking agreement, which will improve the operation of over 1,100 tax treaties globally.

The OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting was developed through negotiation with over 100 countries and jurisdictions, including Guernsey, in order to help governments close gaps in international tax rules in line with the OECD's base erosion and profit shifting (BEPS) project.