A Tax Information Exchange Agreement (TIEA) for the exchange of information for tax purposes between Guernsey and the Netherlands was signed recently. This brings to fourteen the number of such agreements signed since the beginning of 2007 by jurisdictions committed to work with OECD countries. Other negotiations are ongoing and are expected to lead to further new agreements shortly.

The agreement with the Netherlands is the second such agreement signed by Guernsey, which concluded an agreement with the United States in 2002.

The OECD's work in this area is designed to enable countries to fully and fairly enforce their tax laws. A total of 35 jurisdictions have committed to work with OECD countries under the auspices of the OECD's Global Forum on Taxation to improve transparency and to establish effective information exchange for tax purposes, and many other countries and international organisations have also endorsed these principles.