Fully compliant – Jersey meets all global standards of tax transparency

The OECD have confirmed that Jersey, demonstrating a firm commitment to international standards, have been awarded ‘fully compliant’ status for tax transparency. 

Jersey Finance have called this status “an unequivocal endorsement both of Jersey’s world-class tax transparency framework and its ability to make sure that this framework is working well in practice.”

The island, and its network of skilled, experienced finance professionals have been found to be entirely compliant in every single area assessed by the OECD. Clients who use Jersey as a base for their wealth management and corporate structuring can therefore be reassured that the island is serious about tax transparency, combatting financial crime and representing their interests effectively on the world stage.

The OECD’s verdict reaffirms Jersey’s position as a premium international finance centre. Guernsey too is making progress with the OECD. Earlier this year the island was rated as largely compliant, a rating shared with the majority of jurisdictions including the UK and USA, with a follow up assessment visit by the OECD planned for the near future.

Moore Stephens CEO Angus Taylor said: “The OECD endorsement of Jersey as a financial centre is a great feather in our cap. To the outside world it is clearer than ever that Jersey is a well-regulated, stable and secure financial jurisdiction, and a great place to manage wealth.”