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Article: Cover Story: Living within the new guidelines.
- Article from:
- Professional Wealth Management
- Article date:
- July 1, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Elliot Smither
Gibraltar was not surprised to find itself placed on the OECD 'grey' list of jurisdictions that came out of the G20 summit in April, according to the Chief Minister of the self-governing British overseas territory, Peter Caruana.
Explaining how he believes the world has changed as a result of the financial crisis, he says there is now a global appetite for more transparency and greater levels of regulation, and that the G20 had to be seen to take action against perceived tax havens and the more secretive jurisdictions.
The requirement for Gibraltar and other grey-listers to sign 12 tax co-operation agreements with some ...