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No Hiding from the Taxman

 
Jason Collins Partner Joe Quinn Director and Maria Piggin Senior Solicitor McGrigors LLP analyse the new information sharing agreements between so-called tax havens and the rest of the world
 
The international community's drive for better information sharing began in earnest after 9/11 ostensibly in an attempt to open up the international banking community in order to identify and close terrorist funding networks. Now the need for coordinated international banking regulation after the credit crunch has given world governments new reason and leverage to drive open banking communities in the so-called tax havens of the world. Jersey has become the latest offshore jurisdiction to sign up to a Taxation Information Exchange Agreement (TIEA) with the UK taking the potential for both jurisdictions to share information pertaining...

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