Jersey leads the way in efforts to prevent tax avoidance

Thursday 21 December 12:19

Jersey has become one of the earliest adopters of an international measure designed to stop multinationals from shifting profits between countries to avoid paying tax.

This practice, known as base erosion profit shifting (BEPS), has been targeted for action by the Organisation for Economic Cooperation and Development (OECD) through a new measure, which Jersey adopted today (20 December 2017).

The Island has become only the third jurisdiction in the world (alongside Austria and the Isle of Man) to have completed its domestic ratification for the OECD’s Multilateral Instrument (MLI), which is the process by which countries will be able to implement the OECD’s anti-avoidance measures. The MLI will enter into effect once two further jurisdictions (five in total) have ratified the MLI.

This underlines Jersey’s strong commitment to international standards for the prevention of tax avoidance and financial crime. Jersey has been part of an ad hoc group of jurisdictions that have worked together on an equal footing to develop the MLI. The Island was also among the first jurisdictions to sign the MLI when the Chief Minister, Senator Ian Gorst, represented Jersey alongside more than 60 jurisdictions at a ceremony at the OECD Headquarters in Paris on 7 June 2017.

After signing Jersey’s ratification, the Minister for External Relations, Senator Sir Philip Bailhache, said: “Our ratification brings the MLI’s entry into force one step closer. I am delighted that Jersey is one of the founding five signatories of the MLI. This is further confirmation of the important role that we continue to play in helping to develop and implement international standards in tax good governance.”

The MLI will modify existing bilateral tax agreements to make them BEPS-compliant, allowing Jersey to strengthen its tax treaty network in a comprehensive manner. Jersey became a BEPS Associate and Member of the BEPS Inclusive Framework at its inaugural meeting on 16 June 2016.

Jersey is fully supportive of the BEPS project and is active in implementing the actions making up the project. As a BEPS Associate, Jersey is able to contribute to the overall development of the project through policy dialogue and exchange of information – participating on an equal footing with OECD, G20 and many other countries and jurisdictions. This demonstrates Jersey’s full commitment towards, and active participation in, the development international standards and will further Jersey’s reputation as a responsible international actor.


States of Jersey Press Release.


  • Caring Cooks of Jersey - Food Conference Together we can empower children and young people in Jersey to grow, cook and eat healthy food in childhood and beyond - because the health of our children Is everyone's business.

    › read more
  • ActionCOACH - Strategic Business Planning Weekend Keep a finger on the pulse of your business.

    › read more
  • Marbral Advisory - GDPR Foundation and Practitioner Bundle Certified GDPR Training NEW DATES

    › read more
  • Marbral Advisory -GDPR Foundation and Practitioner Bundle Certified GDPR Training NEW DATES

    › read more
  • Marbral Advisory - GDPR Foundation and Practitioner Bundle Certified GDPR Training NEW DATES

    › read more
  • Marbral Advisory -GDPR Foundation Certified GDPR Training NEW DATES

    › read more
  • Marbral Advisory-GDPR Foundation Certified GDPR Training NEW DATES

    › read more
  • Marbral Advisory - GDPR Foundation Certified GDPR Training NEW DATES

    › read more
  • Digital Jersey Annual Review 2017 was a year of strong progress at Digital Jersey and in the wider digital economy. 2018 is set to be even more exciting.

    › read more
  • January 2018 Chamber Lunch

    › read more

Chamber Knowledgebase

Our frequently asked questions

Chamber News 

All the latest news from Chamber in one monthly PDF

Jersey Airport / Harbours

The latest arrivals and departures, select a link above

The Jersey Chamber of Commerce - Annual Charity of Choice

the benefits of membership

Networking opportunities, including our popular luncheons
Topical seminar programme
Support and guidance on doing business in Jersey

And become one of over 500 member businesses supporting Chamber in its aim of ensuring that local business is at the heart of a thriving and diverse local economy.

Call 01534 724536
› About Chamber

Copyright © Jersey Chamber 2012 - The Jersey Chamber of Commerce welcomes your comments and views. However, the posting of comments is subject to our terms which can be read here. Comments posted by users of this site are not the Chamber's comments nor do they represent the views of the Jersey Chamber of Commerce.

↑ Back to top