Jersey signs up to BEPS

Thursday 8 June 09:19

Jersey signs up to ground-breaking OECD Multilateral Convention on the prevention of base erosion and profit shifting (BEPS)

Jersey signs up to ground-breaking OECD Multilateral Convention on the prevention of base erosion and profit shifting (BEPS)

The Chief Minister of Jersey, Senator Ian Gorst, today joined representatives of more than 60 jurisdictions at the OECD Headquarters in Paris for the signing of a multilateral convention to implement tax treaty related measures, designed to prevent base erosion and profit shifting (BEPS).

The Multilateral Instrument (MLI) will modify existing bilateral tax agreements to make them BEPS-compliant, allowing Jersey to strengthen its tax treaty network in an efficient and comprehensive manner, without the need for costly and time-consuming bilateral negotiations. The MLI was developed through negotiations involving more than 100 countries and jurisdictions, under a mandate delivered by G20 Finance Ministers and Central Bank Governors at their February 2015 meeting.

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.

The Chief Minister commented: “I am delighted to have joined with jurisdictions from around the world including members of the G20, the OECD and the EU in signing the MLI on behalf of the Government of Jersey. In doing so we have further demonstrated our internationally recognised leading position in complying with the international standards on financial regulation, anti-money laundering and tax transparency and information exchange."

Events

  • JeCC - External Render / EWI / Architectural Profiles Building Trust Into your External Facade by Pentagon Builders Merchants

    › read more
  • JeCC - BS7533 Compliant Hard Landscaping Paving the way to Success with Parex HardLandscaping by Pentagon Builders Merchants

    › read more
  • Jersey Electricity - Everything you wanted to know about heat pumps but were afraid to ask Want to know more about Heat Pumps, their application, how they fit with the new Building Bye Laws, what tariff is best?

    › read more
  • Market Fountain Unveiling Following a period of refurbishment, the market fountain which has been restored to its former glory will be unveiled by the Connétable of St Helier accompanied by the Minister for Infrastructure.

    › read more
  • WDF - Women as Team Players - sponsored by Santander Women as Team Players with Jennifer Moore – Yoga & Ironman Triathlon Sam Horsfall – Triathlon Coach and parkrun Jemima Leach and Helene Mon Petit – Island Games MBT Cycling Team

    › read more
  • Public Meeting: CIFO 2016 Annual Report The independent Channel Islands Financial Ombudsman (CIFO) is holding a public event to mark the publication of its 2016 annual report and accounts.

    › read more
  • Eco Active Business and BIFM sustainability event Have you booked your place at next week’s sustainability event?

    › read more
  • Is Your Business Autism-Friendly? Did you know more than one in 100 of your customers are autistic? Would you like to find out how you can make their experiences better?

    › read more
  • Benest Corbett Renouf Joins Forces With Farrer & Co to Reinforce Need for Safeguarding Children LAW firm Benest Corbett Renouf has teamed up with the market-leading London firm Farrer & Co to present a safeguarding conference. The event, “Creating Safer Organisations”, will take place on Thursday, 15th June in Jersey.

    › read more
  • Ibex Education - Excel 1 to 1s Our expert UK trainer will work with you on particular issues

    › 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