Playing hard to get
Despite mounting pressure from the OECD to sign up to its treaty on tax competition, Jersey and Guernsey have stood firm in their efforts to negotiate a more favourable deal. Felicity Clarke looks at the islands' efforts to remain in control
It has been a long wait, but the time is nigh, because, with a deadline of 28 February, the Organisation for Economic Co-operation and Development’s (OECD’s) list of unco-operative tax havens is about to be released. For the 35 jurisdictions named on the provisional blacklist back in June 2000, which followed on from the 80-page report on Harmful Tax Competition in 1998, the months of negotiations for removal are about to come to fruition…or not.
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