Guernsey's Chief Minister is out there pressing the flesh and persuading the world that we have sufficient disclosure agreements (13) to avoid being black listed as a tax haven.
According to him the OECD agree with him and the G20 summit should confer a 'white list' status on Guernsey. If he is right and Guernsey is differentiated from other less open jurisdictions the local economy will undoubtedly benefit big time. If he is wrong, his reputation and the island as a whole may sustain the most damaging assault since the days of Dutch subsidies brought about the decline of the tomato industry.
It's a high stakes game for Minister Lyndon Trott and the economy of these offshore islands.
Bob
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