The Organisation for Economic Co-operation and Development (OECD), has concluded a review of Guernsey, the Isle of Man and Jersey’s recent changes to legislation and confirmed that the three IFCs' domestic legal frameworks are in line with the relevant standard and therefore “not harmful”.
The review was carried out by the OECD Forum on Harmful Tax Practices (FHTP) with Guernsey, Isle of Man and Jersey being three of 12 jurisdictions whose domestic laws were assessed.
The FHTP reviewed the new domestic laws of the 12 no or only nominal tax jurisdictions and, of those, 11 jurisdictions (Anguilla, the Bahamas, Bahra...
