Jersey’s government has received assurances from the French Finance Ministry stating that Jersey will be removed from French uncooperative jurisdictions list in due course.
Last week, Jersey officials were told by the French Finance Ministry officials that Jersey’s efforts to ensure tax information requests are responded to swiftly and effectively are being recognised by them.
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Geoff Cook, CEO of Jersey Finance, said: "The focus now is on ensuring that the French authorities are happy with the speed and efficacy of how Jersey responds to information requests, under Jersey and France’s existing Tax Information Exchange Agreement (TIEA).
"The issue initially was related to some outstanding requests for information that were being appealed through the Jersey courts. With those cases due to be heard shortly, Jersey can demonstrate to France’s satisfaction that it is exchanging information effectively, and it can be removed from France’s list, which is welcome news," Cook added.
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