Guernsey’s Transparency And Exchange Of Information Commitment Endorsed By Independent International Forum

In a report published today, the Global Forum on Transparency & Exchange of Information for Tax Purposes ('the Global Forum') confirms that Guernsey has not only followed through its 2002 commitment to observe the OECD principles on transparency and exchange of information for tax purposes but has made substantive developments in expanding its exchange of information network.

The report also confirms that Guernsey has in place all the necessary legal and regulatory powers to ensure it can meet the internationally agreed standard on obtaining and exchanging information for tax purposes.

Guernsey's Chief Minister, Lyndon Trott, said: "I am delighted that, hard on the heels of a very favourable report from the IMF, Guernsey has received this endorsement of its legal and regulatory framework from an international body such as the Global Forum. The report confirms Guernsey's long standing commitment to meeting international standards. It is another