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US Treasury stresses importance of offshore data sharing

The US Treasury has written to Jersey’s chief minister saying it is important to share tax information on tax avoidance and offshore accounts.

In the letter, US Treasury tax policy acting assistant secretary Michael Mundaca said: “Regarding countries, we continue to believe that it is important to distinguish between those countries that are adopting international standards for information exchange and those that are not.

“In this regard, the tax information exchange agreement we have with Jersey is of great importance to the US Treasury Department.”


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