Jersey and the Isle of Man are pushed to co-operate with EU

Professional Adviser
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the completion of the eu tax package will force jurisdictions to show their hands

Jersey and the Isle of Man have been forced to state whether they will impose a withholding tax on EU residents savings held with the islands' financial institutions, or whether they plan to automatically exchange client information with European Union nations. This decision follows the completion of the much delayed EU Tax Package, which was signed at the EU Economic and Finance Ministers (Ecofin) meeting on Tuesday, 3 June. The Tax Package consists of two parts ' the Code of Conduct and the Savings Directive. The Code of Conduct committee, chaired by Dawn Primarolo of the UK Gov...

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