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NEWS

Gibraltar Expands Its Tax Info Sharing Network


08/02/2013

Gibraltar's minister with responsibility for financial services, Gilbert Licudi, has signed three new Tax Information Exchange Agreements (TIEAs) with Poland, Greece and India on behalf of the territory.

The agreements, signed in London, demonstrate Gibraltar's commitment to the internationally agreed standard on tax transparency and information exchange developed by the Organization for Economic Cooperation and Development (OECD). They establish a bilateral information-sharing framework between the territories' tax authorities to support investigations into fiscal crime.

The new TIEAs bring the number of agreements that Gibraltar has concluded, which meet the OECD standard, to 26.

While signing the agreement with India, Licudi took the opportunity to discuss potential cooperation in financial services with that nation's plenipotentiary, India's High Commissioner to the UK, Jaimini Bhagwati. India is a key financial services market for Gibraltar and a member of the Group of Twenty Nations.

http://www.tax-news.com

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