TaxCorporate TaxGibraltar commits to share tax information

Gibraltar commits to share tax information

Low-tax jurisdiction reaffirms its co-operative stance in lead up to G20 summit

The government of Gibraltar has reaffirmed its willingness to share tax
information with other states as part of the global drive for tax transparency.

The declaration comes just weeks away from global leaders meeting in London
for the G20 summit. International tax transparency and co-operation is thought
to be high on the agenda.

In a written statement, the government of Gibraltar said it ‘shares the view
that international co-operation in tax matters has become increasingly
important, and will inevitably and necessarily be an ingredient of the new
financial order that will emerge in the aftermath of the current global
financial crisis.’

Gibraltar said it has concluded negotiations of the text of a tax information
exchange agreement with the US, and anticipates the agreement will be signed
shortly.

Further Reading:

ECJ
greenlights 15% corporate tax rate in Gibraltar

Offshore
savers could face tax on income

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