Island ‘likely to escape’ G20 blacklist inclusion
Thursday 26th March 2009, 2:29PM GMT.
GUERNSEY is set to reach the finish line in its efforts to escape being blacklisted by the G20, the chief minister believes.
The OECD has produced a list ahead of the G20 meeting on 2 April naming jurisdictions which it considers are not currently making sufficient progress to meet agreed international standard on transparency and exchange of information.
Inclusion on the OECD list currently means the island had not signed 12 tax information exchange agreements.
But Chief Minister Lyndon Trott (pictured) is set to conclude three bilateral agreements this week, taking the island to a total of 13.
The finalisation of these documents marks the end of a lengthy negotiation process with each of the co-signatory countries.
An agreement was signed with French Finance Minister Christine Legarde at a ceremony in Paris on Tuesday.
Deputy Trott will today sign a bilateral agreement with Germany at a ceremony in London with German Ambassador Georg Boomgaarden And one with Ireland will be signed by the end of the week.