JERSEY’S Chief Minister this week put his signature to a new agreement with seven Nordic countries.

The Tax Information Exchange Agreement, which was also signed by Guernsey’s Chief Minister, follows months of negotiations between the Jersey authorities and their counterparts in Iceland, Denmark, the Faroe Islands, Finland, Greenland, Norway and Sweden. It means that each jurisdiction has agreed to provide information, on request, in relation to investigations into terrorist financing, money laundering, and other fiscal and financial crimes.

The Isle of Man government signed a similar agreement a few months ago. Senator Frank Walker said that the signing of the agreements would give the Island both economic and political benefits. It was particularly relevant in the light of renewed enthusiasm by members of the OECD to clamp down on countries with unfair tax advantages, voiced at a Paris meeting last week.

Pictured: Chief ministers Lyndon Trott and Frank Walker put pen to paper for the tax information exchange agreement