Guernsey Press

PM invitation ahead of G8 Summit adds to feeling of constant pressure, says tax expert

AN INVITATION from the Prime Minister for Crown Dependency leaders to attend a London event ahead of the G8 Summit 'adds to the feeling of constant pressure' on the islands, a leading tax expert has said.

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AN INVITATION from the Prime Minister for Crown Dependency leaders to attend a London event ahead of the G8 Summit 'adds to the feeling of constant pressure' on the islands, a leading tax expert has said.

Ernst and Young tax partner Graham Parrott, pictured, thought the invitation was about the UK being seen to be doing the right thing.

'They are leading the G8 summit and tax avoidance will be top on the list of priorities,' he said.

'They don't want it to be thrown back at them with people saying, "well, you haven't sorted out your own".

'It does add to the feeling of constant pressure – but I'm not sure what more we could be doing in terms of doing the right thing.'

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