International Tax
Tax complexity unlocked
As leading international finance centres, Jersey and Guernsey facilitate global investment and it is essential your trusted advisors are placed to assist on a global scale to leverage the right expertise. Baker Tilly International’s global network of firms is ideally placed to provide a collaborative approach from a global service provider to enable you to fulfil your cross-border requirements across 141 countries.
The attractiveness of Jersey and Guernsey for international tax structuring is not only due to the tax neutrality; A general rate of tax of 0% for investment holding and international financing companies, no stamp duty on transfer of shares, no capital taxes regime, no withholding tax (to foreign shareholders), but other benefits of the Islands include flexible corporate law, time zone and transport links to London as well as the vast array of professional expertise. Combined together, these factors all contribute to the Islands being the location of choice for many international businesses to facilitate the group holding structures, financing and direct investment in worldwide assets.
On a footing with all highly regulated international finance centres, Jersey and Guernsey comply with international tax standards including adoption of:
- US Foreign Account Tax Compliance Act (“FATCA”);
- Organisation for Economic Co-operation and Development (“OECDs”) The Common Reporting Standard;
- Tax Information Exchange Agreements;
- Economic substance legislation.
Areas in which we can assist include:
- Tax structuring for set up, rationalisation or exit
- Cross border migrations
- Tax advisory to ensure global tax efficiency and returns to shareholders/investors
- Transaction support for mergers and acquisitions
- Tax due diligence
- Economic substance classification, health check and remediation for international structures
- UK Reporting Fund compliance
- Country by Country Reporting
- Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) entity classifications
- OECD Pillar Two Framework and it’s impact on your organization
