Christian Aid calls for a stop to two-tier tax systems

Related Stories

UK Crown Dependencies and Overseas Territories need to prevent two-tier tax systems, says Christian Aid's senior economic justice advisor.

Joseph Stead said more tax information exchange agreements (TIEAs) needed to be made with developing countries.

He said poor countries without access to TIEAs were at a disadvantage and could not recoup lost tax revenue.

But Guernsey's Chief Minister said it was already policy to negotiate TIEAs with any jurisdiction.

Deputy Peter Harwood said: "I met with Christian Aid's chief executive on Saturday at the G8 Open for Growth meeting, and she acknowledged the work Guernsey had done with developing countries.

"In fact the report they published that day showed that Guernsey had signed more TIEAs with developing countries than other Crown Dependencies or British Overseas Territories.

"Of course there is more for all jurisdictions to do - but Guernsey does not take a two-tier view of tax transparency."

Level playing field

But Mr Stead said: "It is great to see that progress is being made... but what we really need is to make sure developing countries are going to benefit from these deals."

He said there needed to be a clear commitment to ensure developing countries are included so they can get the information they need for a level playing field.

On Saturday representatives from Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Anguilla, Montserrat, the Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man were at a meeting at 10 Downing Street.

They have agreed to sign up to the Multilateral Convention on Mutual Assistance in Tax Matters - an initiative led by the Organisation for Economic Cooperation and Development (OECD).

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

Weather

Guernsey Airport

22 °C 18 °C

Features & Analysis

  • Dr Mahinder Watsa Dr Sex

    The wisecracking 90-year-old whose advice column is a cult hit


  • Payton McKinnonKilling heat

    Why so many American children die in hot cars


  • Vice-President Joe Biden.President Biden?

    Struggling in the shadow of a potential Hillary Clinton campaign


  • USA fanSoccer punch

    Has the US finally fallen in love with the beautiful game? BBC Sport


Elsewhere on the BBC

  • Kyoto.Falling for Kyoto

    Acclaimed writer Pico Iyer describes an enchanting first stroll through the city

Programmes

  • (File photo) Usain BoltClick Watch

    Challenging the world's fastest man to a virtual race over 40m – can you keep up?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.