17 May 2024
Ministers from Guernsey, the Isle of Man and Jersey met this week to discuss international tax
matters and progress following the Crown Dependencies’ joint statement in May last year on the
Organisation for Economic Co-operation and Development’s Pillar Two framework.
The meeting was held remotely with talks taking place between Deputy Lyndon Trott, Guernsey’s
Chief Minister, Deputy Jonathan Le Tocq, Guernsey’s External Relations Minister, Dr Alex Allinson
MHK, the Isle of Man’s Treasury Minister, Deputy Elaine Millar, Jersey’s Minister for Treasury and
Resources, and Deputy Ian Gorst, Jersey’s Minister for External Relations.
The Ministers confirmed their shared commitment to international tax standards and the continued
value of inter-island cooperation in areas of mutual interest in international tax policy. They
discussed each Island’s implementation plans for Pillar 2 and noted they would shortly be
commencing their respective legislative procedures to a common timeline with introduction for
accounting periods commencing on or after 1 January 2025.
The Ministers agreed that working co-operatively and openly with each other on topics of mutual
interest benefits all three Islands and should continue.
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