On 29 October Guernsey and Jersey joined with 49 other countries and jurisdictions in Berlin at a signing ceremony hosted by the German Minister of Finance, Dr Wolfgang Schäuble. The signing of a multilateral competent authority agreement (MCAA) was a further step in the implementation of a new global standard of automatic exchange of tax information – the Common Reporting Standard. The agreement was signed at the OECD Global Forum meeting by Jersey’s Treasury and Resources Minister, Senator Philip Ozouf, and by Guernsey’s Director of Income Tax, Rob Gray.
The press release from the States of Jersey can be found at http://www.gov.je/News/2014/pages/BerlinSigningCeremony.aspx
The press release from the States of Guernsey can be found at http://www.gov.gg/article/114902/Guernsey-formally-commits-to-new-global-Common-Reporting-Standards