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.
ISLANDERS will have to choose between fewer public services or more tax to avoid being hit hard by the demographic time bomb, Treasury and Resources and Social Security have warned.
HIGHER taxes could ‘trigger a dangerous tipping point’ in the island’s economy, the chairwoman of the local branch of the Institute of Directors has warned.
ONE of Guernsey’s greatest self-proclaimed ‘unofficial ambassadors’ has told the financial services industry that he ‘doesn’t get’ the big fuss over tax avoidance issues dogging the islands in the national media.
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