Jersey and Guernsey added to tax evasion blacklist

The Netherlands has added Guernsey and Jersey to its new tax evasion blacklist.

The Dutch finance ministry added the islands along with 14 other low-tax jurisdictions, making its blacklist now bigger than the EU's own list.

It'll mean companies which are registered here and operate in the Netherlands will face a number of measures, including paying 20.5 per cent tax on interest and royalties received from The Netherlands from 2021.

The ministry says it's just one of the tough measures the country is taking to tackle tax evasion.

Guernsey's Chief Minister says the move is 'disappointing' and says the island has been rated as fully compliant against international standards. In a statement he said: