Jersey signs tax agreement with Luxembourg

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 Jersey signed a comprehensive Double Taxation Agreement ( DTA ) with Luxembourg. This is the Island's eighth DTA and 39th international tax agreement that meets the OECD tax standards on transparency and information exchange.
 The Double Taxation Agreement was signed at the Embassy of the Grand Duchy of Luxembourg in London by the  Assistant Chief Minister with responsibility for External Relations, Senator Sir Philip Bailhache, for the Government of Jersey, and by the Charge d'Affaires, Mrs Beatrice Kirsch, for the Government of the Grand Duchy of Luxembourg.
  Senator Sir Philip Bailhache said : "The signing of the Double Taxation Agreement with Luxembourg continues Jersey's firm and longstanding commitment to international standards of transparency and information exchange. Jersey also pursues a good neighbour policy in relation to the European Union and we are therefore delighted that the signing of the DTA will further strengthen our political and business relationship with an European Union Member State. The signing of a DTA with Luxembourg is particularly welcome because we have a great deal in common as international finance centres and the Agreement will serve to further strengthen what is already an important business relationship."