**New Agreement to Exchange Tax Information**

On Monday, the US and Jersey signed a new agreement allowing for the exchange of information on taxes.

The agreement was signed by Treasury Secretary Paul O’Neill and Senator Pierre Horsfall, President of the Policy and Resources Committee of the States of Jersey, the Island’s Parliament.

Secretary Paul O’Neill said, *”We are well aware of Jersey’s commitment to cooperation in targeting criminal abuse of the world’s financial systems. This new agreement will formalise and streamline our current cooperation in criminal tax matters and will allow exchange of information on specific request in civil tax matters as well.”*

He further indicated that the agreement with Jersey, an important financial center of Europe, demonstrates the U.S. Government’s commitment to securing cooperation from *”around the world”.*