Monday 20 May 2013
The UK's Prime Minister has written to Guernsey, the Crown Dependencies and the Overseas Territories ahead of the G8 summit, below is the Chief Minister's response statement.
Deputy Peter Harwood commented:
"I welcome the UK Prime Minister's invitation to support its work on tax, trade and transparency as chair of the G8. Guernsey continues to demonstrate its commitment both to tax information exchange and to ensuring that the information exchanged meets the agreed international standards. This commitment has been confirmed through the independent assessment of organisations such as the OECD, the IMF and the World Bank. In addition, the fact that Guernsey is one of the jurisdictions which has been recognised by the UK government as meeting its own highest standards of tax information exchange shows that the UK is aware that Guernsey is part of the solution to tax evasion and not part of the problem.
"We welcome the forthcoming G8 meeting's focus on company ownership. Guernsey is one of only a handful of jurisdictions in the world that actually regulates corporate service providers and we also meet Financial Action Task Force's key recommendations on beneficial ownership."