GEMA

Archive for November, 2013

Please see attached press a release just issued:

OECD and Council of Europe Convention on Mutual Administrative Assistance in Tax Matters extended to cover Gibraltar.

Coinciding with the signing of the Gibraltar-UK Intergovernmental Agreement (IGA) to improve international tax compliance on 21 November 2013, the OECD announced that the United Kingdom had deposited declarations extending the territorial scope of the OECD and Council of Europe Convention on Mutual Administrative Assistance in Tax Matters to cover Gibraltar.

Please click on the following link to read further:

https://www.gibraltar.gov.gi/images/stories/PDF/pressoffice/pressreleases/2013/842-2013.pdf


Please see attached a press release just issued:

HM Government of Gibraltar signs Intergovernmental Agreement (IGA) with the United Kingdom to improve international tax compliance (FATCA).

The Hon. Albert Isola MP, Minister with responsibility for Financial Services, signed an Intergovernmental Agreement (IGA) between Gibraltar and the United Kingdom to improve international tax compliance on Thursday 21 November 2013.

Please click on the following link to read further:

https://www.gibraltar.gov.gi/images/stories/PDF/pressoffice/pressreleases/2013/841-2013.pdf 


European Parliament Register

Subject: Answer to written question on Gibraltar and collaboration on tax, financial services and money laundering matters

Date published: November 1 2013

Question for written answer E-010033/2013 to the Commission Rule 117 Sir Graham Watson (ALDE)

Subject: Gibraltar and collaboration on tax, financial services and money laundering matters

The International Monetary Fund’s report of May 2007 (Country Report No. 07/154) noted that ‘Gibraltar has a well-regulated financial sector. The Gibraltar authorities are concerned with protecting the reputation and integrity of Gibraltar as a financial centre, and are cognizant of the importance of adopting and applying international regulatory standards and best supervisory practices. Gibraltar has a good reputation internationally for cooperation and information sharing.’

Can the Commission state whether it has ever received a well-founded complaint regarding an alleged failure by the Government of Gibraltar to provide or exchange information or failure to collaborate generally on tax, financial services or money laundering matters?

EN E-010033/2013 Answer given by Mr Barnier on behalf of the Commission

To date the Commission has not received complaints meeting the description given by the Honourable Member.