Jersey and Norway in tax war / News / The Foreigner

Jersey and Norway in tax war. Jersey has refused Norway access to tax information about what is believed to be a Norwegian citizen. The Norwegian government has signed the so-called Tax Information Exchange Agreement (TIEA) with 30 different countries, including Jersey. Ministry of Finance officials say this is the first time such a thing has happened, reports The Telegraph.

jerseytaxauthorities, norwegiantaxdisclosurerow



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Jersey and Norway in tax war

Published on Thursday, 16th June, 2011 at 21:26 under the news category, by John Price   .

Jersey has refused Norway access to tax information about what is believed to be a Norwegian citizen.

The Bailiwick of Jersey (illus. ph.)
The Bailiwick of Jersey (illus. ph.)
Photo: rp72/Fotopedia


The Norwegian government has signed the so-called Tax Information Exchange Agreement (TIEA) with 30 different countries, including Jersey.

Ministry of Finance officials say this is the first time such a thing has happened, reports The Telegraph.

Jersey has received 36 tax information requests from approximately seven different partners since 2007.

Director of Tax Research, Richard Murphy, has branded this figure as “paltry”, saying, “Anyone who thinks that a place with £367 billion in assets under management as of December 2010 is transparent because it shares 36 pieces of tax data in more than four years needs help with their understanding of the meaning of the English language.”

Meanwhile, a Norwegian Finance Ministry spokesperson is confident the problem will not persist.

"We are hopeful that the matter will eventually be resolved. There are terms in the agreement for each request and we are in a process of discussing these terms with Jersey. If it isn't resolved it will become a topic for the Global Forum Peer Review."

Jersey authorities refuse to comment on the issue, calling it “ongoing”.



Published on Thursday, 16th June, 2011 at 21:26 under the news category, by John Price   .

This post has the following tags: jerseytaxauthorities, norwegiantaxdisclosurerow.





  
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