JERSEY will meet the challenges as the eyes of the world fall on offshore finance centres during the G20 summit, Treasury Minister Philip Ozouf has said.
Leaders of the world’s 20 most powerful nations were today meeting in London to discuss financial issues including the economic downturn, the support of developing nations and the role of so-called tax havens.
Senator Ozouf said that representatives from the Chief Minister’s department, Treasury and Economic Development were following the proceedings which were likely to throw increased scrutiny on offshore centres.
A number of world leaders, including US President Barack Obama, have already voiced their opposition to the activities of some offshore centres. But Senator Ozouf said that he was confident that other states would be in line for tougher scrutiny.