GUERNSEY, JERSEY AND ISLE OF MAN TO STAY ON NETHERLANDS TAX BLACKLIST

On 6 January, the Guernsey Press and others reported that Guernsey is to remain on Netherlands’ list of low-tax jurisdictions for the purposes of enforcing certain anti-tax avoidance rules, the Dutch Ministry of Finance has announced.  The blacklist contains 8 jurisdictions that are currently banned by the EU, as well as a further 15 low-tax jurisdictions, including Guernsey, Jersey and the Isle of Man.  They have corporate tax rates of less than 9%, and fall within the scope of new controlled foreign companies (CFC) rules, which became effective from 1 January 2019.  Guernsey and the Isle of Man employ zero rates of corporation tax.

https://www.internationalinvestment.net/news/4008738/guernsey-stay-netherlands-tax-blacklist

https://guernseypress.com/news/2020/01/07/guernsey-to-remain-on-netherlands-tax-blacklist/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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