Guernsey's Government has announced that it plans to give
financial institutions a window from 1st January 2011 to 1st July
2011 for moving to automatic exchange of information.
The Fiscal and Economic Policy Group carried out a public
consultation earlier in the summer and this morning Chief Minister
Lyndon Trott told the local Parliament, the States of Guernsey, of
the planned transition to automatic exchange of information for the
equivalent measurers Guernsey adopts relating to the EU Savings Tax
Directive.
His statement outlined the intended timing of a movement to
automatic exchange of information following the consideration of
the results of the consultation process.
The Chief Minister said: "In light of the views expressed
by members of industry and industry bodies, and given the
States' commitment to maintaining the highest standards of tax
transparency, the Fiscal and Economic Policy Group recommended to
Policy Council that institutions in Guernsey
