Tax guidance offered to people impacted by fresh global standards

Wednesday, 2 September 2015 00:00

Tax guidance is being offered to Island residents who have concerns over increased scrutiny as a result of new global standards.

That's according to Treasury's head of assessing group Dave Crowe.

Government already receives intelligence on EU banks and financial institutions, but will soon have access to shared information on US organisations.

In 2016, more detail will be provided from UK financial products and income sources - which will widen to other countries in 2017.

Mr Crowe explains what that means for people living here:

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