Page last updated at 16:50 GMT, Wednesday, 25 March 2009

Island signs tax share agreements

Lyndon Trott
Chief Minister Lyndon Trott has signed an agreement in Paris

Guernsey is signing up to a further three tax information sharing agreements with other countries.

Chief Minister Lyndon Trott signed an agreement with the French government in Paris on Tuesday.

On Thursday he will sign a similar deal with the German ambassador in London and aims to conclude one with Ireland by the end of the week.

The three will bring the number of Tax Information Exchange Agreements (TIEAs) signed by Guernsey to 13.

In future Guernsey will share tax information on criminal and civil matters with co-signatory countries.

'International identity'

Deputy Trott said: "Guernsey's growing international identity, allied to economic globalisation, highlights the increasing importance of TIEAs.

"Each TIEA is a testament to our commitment to transparency, good regulation and international co-operation.

"The agreements with France, Germany and Ireland will further enhance our reputation as a well regulated international financial centre."

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