GUERNSEY’S efforts in signing tax information exchange agreements is impressing the Organisation for Economic Co-operation and Development.

The island currently has nine in place with more to follow and while other major financial jurisdictions such as Switzerland and Singapore appear unwilling to enter into them, Guernsey is leading the way along with the Isle of Man and Jersey.

Donal Godfrey (pictured) , head of the harmful tax practice unit at the OECD, told local financiers and professionals at a St James seminar last week, that a major report due to be published next year would reflect that.

It will also highlight those places not making satisfactory progress in terms of transparency and exchange of information in tax matters.

‘Guernsey is on the right track and is near the top of the class. It’s important to keep moving forward and my advice would be sign deals, sign deals and sign deals.’