UK’s tax demand ‘does not create level playing field’
Saturday 1st December 2012, 4:00PM GMT.
MORE talks will take place with the UK over its plans to demand greater tax transparency from Guernsey, Jersey and the Isle of Man.
HM Treasury wants the Crown Dependencies to introduce a similar agreement to the one the islands are working on with the US – it would mean that account details of UK citizens would be automatically shared with the UK tax authorities.
Urgent talks took place between UK and Crown Dependencies officials on Wednesday.
It is understood the islands are unhappy with the proposals because they would create a non-level playing field as other jurisdictions were not targeted.