Jersey and Germany, another successful OECD Treaty signed!
Germany and Jersey have signed a bilateral arrangement for the exchange of information for tax purposes.
This treaty numbers 16th of the agreements signed by one of the 35 Jurisdictions committed to work with OECD countries. The 35 jurisdictions committed to abide by the OECD protocol on this matter, as per www.oecd.org site are:
Anguilla (1), Antigua and Barbuda, Aruba (2)
Bahamas, Bahrain, Belize, Bermuda (1), British Virgin Islands (1) Cayman Islands (1), Cook Islands (3), Cyprus
Dominica
Gibraltar (1), Grenada, Guernsey (4)
Isle of Man (4)
Jersey (4)
Liberia
Malta, Marshall Islands, Mauritius, Montserrat (1)
Nauru, Netherlands Antilles (2), Niue (3)
Panama (Spanish), (English)
San Marino, Seychelles, St. Kitts & Nevis, St. Lucia, St. Vincent and the Grenadines
Turks & Caicos Islands (1)
US Virgin Islands (5)
Vanuatu
1. Overseas Territory of the United Kingdom.
2. Aruba, the Netherlands Antilles and the Netherlands are the three countries of the Kingdom of the Netherlands.
3. Fully self-governing country in free association with New Zealand.
4. Dependency of the British Crown.
5. External Territory of the United States.
The OECD has determined that three other jurisdictions - Barbados, Maldives, and Tonga - identified in the 2000 Progress Report as tax havens should not be included in the List of Unco-operative Tax Havens.
* Barbados will not be included in the list because it has longstanding information exchange arrangements with other countries, which are found by its treaty partners to operate in an effective manner. Barbados is also willing to enter into tax information exchange arrangements with those OECD Member countries with which it currently does not have such arrangements. Barbados has in place established procedures with respect to transparency. Moreover, recent legislative changes made by Barbados have enhanced the transparency of its tax and regulatory rules.
* The OECD has determined after careful review of the current laws and practices of Tonga and the Maldives that these jurisdictions do not meet the tax haven criteria.
This treaty numbers 16th of the agreements signed by one of the 35 Jurisdictions committed to work with OECD countries. The 35 jurisdictions committed to abide by the OECD protocol on this matter, as per www.oecd.org site are:
Anguilla (1), Antigua and Barbuda, Aruba (2)
Bahamas, Bahrain, Belize, Bermuda (1), British Virgin Islands (1) Cayman Islands (1), Cook Islands (3), Cyprus
Dominica
Gibraltar (1), Grenada, Guernsey (4)
Isle of Man (4)
Jersey (4)
Liberia
Malta, Marshall Islands, Mauritius, Montserrat (1)
Nauru, Netherlands Antilles (2), Niue (3)
Panama (Spanish), (English)
San Marino, Seychelles, St. Kitts & Nevis, St. Lucia, St. Vincent and the Grenadines
Turks & Caicos Islands (1)
US Virgin Islands (5)
Vanuatu
1. Overseas Territory of the United Kingdom.
2. Aruba, the Netherlands Antilles and the Netherlands are the three countries of the Kingdom of the Netherlands.
3. Fully self-governing country in free association with New Zealand.
4. Dependency of the British Crown.
5. External Territory of the United States.
The OECD has determined that three other jurisdictions - Barbados, Maldives, and Tonga - identified in the 2000 Progress Report as tax havens should not be included in the List of Unco-operative Tax Havens.
* Barbados will not be included in the list because it has longstanding information exchange arrangements with other countries, which are found by its treaty partners to operate in an effective manner. Barbados is also willing to enter into tax information exchange arrangements with those OECD Member countries with which it currently does not have such arrangements. Barbados has in place established procedures with respect to transparency. Moreover, recent legislative changes made by Barbados have enhanced the transparency of its tax and regulatory rules.
* The OECD has determined after careful review of the current laws and practices of Tonga and the Maldives that these jurisdictions do not meet the tax haven criteria.
