Government accuses GSD of "immaturity" over OECD membership

No.6 have hit back at the GSD over the membership of the OECD which the Government says will ultimately help "progress" Gibraltar's financial services.

A statement from the Government said:

The GSD’s statement on Gibraltar’s most important membership of the OECD BEPS Framework is yet another demonstration of their blind failure to accept further progress for Gibraltar’s financial services sector arising directly from our Tax Treaty with Spain.

HM Government of Gibraltar has never suggested that our inclusion in the OECD framework arises from Spain having dropped its claim to Gibraltar as Azopardi states. This is immature and delusional.

As a direct result of the Tax Treaty with Spain, and Spains recognition of the work this Government has done in the areas of compliance with International Standards, Spain has withdrawn its previous objection to our participation - even though we have been complying with these standards through EU Directives having properly been transposed here.

It really is time Azopardi and the GSD stopped trying to undermine the Jurisdiction and its excellent private sector for its own selfish political ambitions and started supporting Government as we seek to reposition ourselves with the Brexit challenges we face in the coming months.

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