Whereas the States of Guernsey and the Kingdom of the Netherlands (“the Parties”) recognise that present legislation already provides for cooperation and the exchange of information in criminal tax matters;
Whereas the Parties have long been active in international efforts in the fight against financial and other crimes, including the targeting of terrorist financing;
Whereas it is acknowledged that the States of Guernsey has the right, under the terms of the Entrustment from the United Kingdom of Great Britain and Northern Ireland, to negotiate, conclude, perform and subject to the terms of this agreement terminate a tax information exchange agreement with the Netherlands;
Whereas the States of Guernsey on the 21st February 2002 entered into a political commitment to the OECD’s principles of effective exchange of information;
Whereas the Parties wish to enhance and facilitate the terms and conditions governing the exchange of information relating to taxes;
Now, therefore, the Parties have agreed to conclude the following agreement which contains obligations on the part of the Parties only:
