Islands agree to align tax standards

A photo of some pound coins and UK notes.Image source, PA
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Ministers from the three Crown Dependencies met remotely to discuss tax standards and closer working

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Ministers from the Channel Islands and the Isle of Man met this week to discuss tax standards and working together.

They reconfirmed their shared commitment to international tax standards following a joint statement, external they released in May.

The statement expressed the three Crown Dependencies' intention to align their approaches to the Organisation for Economic Co-operation and Development’s (OECD) Pillar Two framework.

The ministers, who held this week's talks remotely, also agreed that working openly and co-operating with each other on topics of mutual interest benefited all three islands and should continue.

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