Jersey Extends Tax Information Exchange Network With Swiss Agreement

The signing of a tax information exchange agreement (TIEA) between Jersey and Switzerland has been welcomed by Jersey Finance as a significant enhancement to Jersey's relationship with another major International Finance Centre (IFC).

The agreement was signed on 16th September at the Swiss Embassy in London by Jersey's Chief Minister Senator Ian Gorst and the Ambassador of Switzerland in London HE Dominik Furgler for the Swiss Federal Council.

This is Jersey's 32nd TIEA which meets the OECD tax standards on transparency and information exchange and the 25th such agreement Jersey has signed with an OECD country.

Geoff Cook, Chief Executive, Jersey Finance said:

"This latest agreement with Switzerland enhances our relationship with another major IFC, with whom Jersey already has a good and strong business relationship, particularly in the areas of wealth management and banking.