Corporate tax review is over as European ministers sign regime

EUROPEAN ministers have finally signed off Guernsey’s corporate tax regime.

EUROPEAN ministers have finally signed off Guernsey’s corporate tax regime.

Years of manoeuvring culminated in zero-10 being signed off as meeting European standards just two days before the European Commission issued new guidance on defining tax havens and action that could be taken against them.

‘I am pleased to be able to confirm that following the repeal of our deemed distribution regime earlier this year, on Tuesday Ecofin formally endorsed the European Union Code of Conduct Group on Business Tax’s assessment that our corporate tax regime is now compliant with the principles of the EU code of conduct on business tax,’ said Chief Minister Peter Harwood, pictured.

‘This formal endorsement is a very important development.’

Comments for: "Corporate tax review is over as European ministers sign regime"

Sam

Until they change their minds again.

You can guarantee there will be new rules sometime in the not too distant future.

I Le Page

Right!now its more harmful to the islands finances,and the working population will have more tax to pay!

soph

We are not a tax haven, just lots of us trying to get on with life!! Only a few go down the "Rich Route" and avoid paying taxes anywhere

Beware SOG, chase them down