Last 27th August 2009 we have attended another significant event in Gibraltar. The signature of the Tax Information Exchange Agreement with the United Kingdom.

Paradoxically, being a territory of the United Kingdom,  Gibraltar will establish with this TIEA an unprecedented level of Economic cooperation with the United Kingdom.

This event follows the signature of previous four TIEAs with Australia, New Zealand, Ireland and the USA, all completed during 2009.

From Taxprecision we continue encouraging Gibraltar to continue their efforts toward the signature of the TIEA with Spain, which we believe will enormously improve the Economy of both Governments.Meanwhile, I acknowledge the constant effort made by Prime Minister Caruana to position Gibraltar as a strong financial player in the OECD context. There is not doubts that Gibraltar is leading the race toward full compliance with the OECD mandate for cooperative territories.

From Taxprecision we congratulate again the Government of Gibraltar and look forward to 2010 and the opportunities that Gibraltar will offer to international companies establishing operations in its territory.

We hope that by then, the Government of Spain and Gibraltar had signed their TIEA in order to facilitate Gibraltar operations in Spain.

This entry was posted on Saturday, August 29th, 2009 at 08:21 and is filed under Double Tax Treaty, Holding Companies, International Tax Cooperation, Irish Tax residence and domicile, Taxprecision news, UK Tax, US Tax Residence and citizenship. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.