27 July 2009
Jersey’s Chief Minister has today signed a Tax Information Exchange Agreement with New Zealand, as part of the Island’s ongoing commitment that began with Jersey’s first TIEA signed with the USA in 2002.
Senator Terry Le Sueur signed the agreement with the New Zealand High Commissioner to the United Kingdom, Mr Derek Leask, at the New Zealand High Commission in London. Senator Le Sueur said: “New Zealand has joined other jurisdictions in welcoming Jersey as a member of the community of nations committed to international cooperation and information exchange on tax matters and has affirmed that Jersey will be treated accordingly by the New Zealand authorities.
"This agreement is further evidence of our willingness to support the G20 and other international initiatives. This includes our willing compliance with international standards of financial regulation, anti-money laundering and combating the financing of terrorism.
“In a letter to the British Prime Minister, after the G20 Summit in April, I stated that Jersey intended to reinforce its position on the OECD “white list” of countries that have substantially implemented the internationally agreed tax standard by the signing of more TIEAs. Today’s agreement signed with New Zealand is an important contribution to this ongoing process.”
With the agreement with New Zealand, Jersey will have signed 15 TIEAs, 13 of which are with OECD Member States. Jersey is close to signing a TIEA with Italy and is working to complete the negotiations with Canada and Spain. Jersey has also extended an invitation to enter into TIEA negotiations to the G20 countries that are not OECD members and to the remaining OECD member countries.
Jersey has signed TIEAs with the USA (2002), the Netherlands (2007), the seven Nordic countries - Denmark, The Faroes, Finland, Greenland, Iceland, Norway and Sweden (2008), Germany (2008), Ireland (2009), France (2009), the United Kingdom (2009) and Australia (2009).
New Zealand High Commission London, United Kingdom website
gov.je