US AND UK authorities need to catch up with Guernsey standards of regulation or plans to enhance global tax transparency will go nowhere.
GUERNSEY is part of the solution to global tax evasion, not part of the problem, the former chief minister has told the national press.
GUERNSEY can do no more in its fight against being viewed as a ‘tax haven’, a local expert has said.
GUERNSEY could create a central register of beneficial owners of companies as part of the international fight against tax evasion.
TAX experts are confident that Guernsey’s commitment to transparency and regulation will ensure it is not adversely hit in a pilot tax exchange scheme.
GUERNSEY has reaffirmed its commitment to tax transparency by pledging to take part in a pilot tax exchange scheme.
AN INVITATION from the Prime Minister for Crown Dependency leaders to attend a London event ahead of the G8 Summit ‘adds to the feeling of constant pressure’ on the islands, a leading tax expert has said.
PRIME Minister David Cameron has written a letter to Britain’s overseas territories, including Guernsey, stressing the need for them to ‘get our own houses in order’ as he pushes for international action to tackle avoidance schemes.
LEGAL and tax experts from Guernsey and the UK are united in criticism over what they perceive as the UK’s overly-complex tax laws.
A major overhaul of how the States taxes islanders and spends the money, driven by the long-term impact of an aging population, is the subject of a consultation launched this week.