France confirms removal of Jersey from list of non-cooperative jurisdictions

| January 23, 2014 | 0 Comments

The French Government has confirmed formally that Jersey has been removed, with effect from 1 January 2014, from the list of jurisdictions considered to be non-cooperative in the exchange of tax information.

An order (arrêtée) was published by Pierre Moscovici, the Minister for the Economy and Finance, on Sunday 19 January 2014 confirming that the criteria for tax cooperation with France had been met by Jersey and that the Island had therefore been removed from the list.

Responding to the French Government’s announcement, the Minister for External Relations, Senator Sir Philip Bailhache, said: “We have always seen ourselves as a cooperative jurisdiction, a view shared by the organisations responsible for setting international standards.

“We remain committed to a collaborative exchange of tax information under specific agreements and will continue to work alongside France in the framework of the OECD and other institutions in the development and implementation of new international standards.”

Since August, Jersey has demonstrated to the French authorities that the Island is fully committed to cooperative exchange of information under Tax Information Exchange Agreements (TIEAs), including the Jersey/France agreement.

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