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.
Jersey and Guernsey are among those waiting with bated breath. At the time of writing, their submission is on the table before the OECD and now it is just a matter of playing the waiting game. But it is a game that these two have been playing for some time because Jersey and Guernsey are among the last of the 35 to make the commitments the OECD is seeking.
