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Gibraltar And UK Issue Joint Statement On Brexit And Tax

by Jason Gorringe, Lowtax.net, London
16 May, 2016

Gibraltar and the United Kingdom have discussed the potential impact of the UK leaving the European Union.

The Gibraltar Government said that following meetings with the UK Foreign Secretary, both countries agreed that "remaining in a reformed European Union would ensure both Gibraltar and the UK were stronger, safer, and better off. It would give Gibraltar and Gibraltarians the best possible chance to continue building their remarkable success story."

Foreign Secretary Philip Hammond reiterated the UK's continued commitment to stand by Gibraltar, and in particular its commitment that it would "never enter into arrangements under which the people of Gibraltar would pass under the sovereignty of another state against their freely and democratically expressed wishes, nor would it enter into a process of sovereignty negotiations with which Gibraltar is not content."

The UK also welcomed Gibraltar's lead on tax transparency and highlighted the example it could provide to other jurisdictions around the globe.

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