GUERNSEY has received a £1.1m. boost from its first six months' involvement in the EU savings tax directive.

SPECULATION that the EU Savings Tax Directive would impact on balances held offshore has so far proved unfounded.

GUERNSEY has agreed to give the UK until the end of the year to plug a gap in the coverage of the EU savings tax directive.

AFTER more than seven years of political wrangling, the EU savings tax directive could be delayed again.

BUSINESSES must learn how changes to EU law could affect operations.

THE chairman of the Guernsey International Business Association, Robin Fuller, has welcomed the Policy Council's stance on the EU directive on taxation of savings income.

THE island's finance sector has strongly defended its management of the implications of the EU savings tax directive.