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Jersey and Guernsey fall into line

Jersey and Guernsey will no longer be listed as unco-operative tax havens by the OECD after both have agreed to address their tax practices.

In June 2000 both Crown Dependencies were identified as tax havens by the international body. Both Jersey and Guernsey have undertaken to improve the transparency of their tax and regulatory procedures and co-operate with the OECD by the end of 2005.

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