Guernsey's deputy chief minister Lyndon Trott has led a high level delegation to Washington DC to argue the island should not be included on potential lists of offshore secrecy jurisdictions or tax havens, as presently presented in draft Bills being proposed in the US Senate.
Trott said: “It is very clear to me that the US Senators proposing the Bills are determined to do all within their power to stem what they regard as 'tax leakage' from the use of some offshore jurisdictions. Nevertheless the Counsel and advisers we have spoken to recognise the inadequacy and inappropriateness of the current list of jurisdictions as included in the draft Bills.“
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