Wednesday, November 24, 2010

The EU Code of Conduct Group

Quite a lot has been going on with respect to the rather secretive EU Code of Conduct Group, which looks to see if the tax legislation of places like the British Crown Dependencies are complying with EU rules. We haven't blogged it because TJN's Senior Adviser Richard Murphy has been ably doing this, with the help of some inside information, it seems. It looks like some interesting developments are in the pipeline.

For those who want to get up to speed on this, click on his latest blog - and follow the links back. Among other things, Guernsey has been forced to say:
"the expectation is that the Crown Dependencies will be required to introduce revised corporate tax regimes."
It's a topic that could have major implications for Britain's tax havens.


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