Mr Powell’s contribution was highlighted at the Global Forum on Transparency and Exchange of Information, which took place in Paris last week and attracted delegates from 186 jurisdictions.
Staged every year since 2009 by the Organisation for Economic Co-operation and Development, the forum is a key gathering for those responsible for developing international tax standards.
External Relations Minister Ian Gorst said that the tribute had been led by OECD tax director Pascal Saint-Amans, who praised Mr Powell’s commitment to developing common reporting standards for the exchange of tax-related information.
Senator Gorst said: ‘Colin’s influence and activity extended far beyond the Island’s shores. He was immensely proud of the work he undertook within the OECD and has instilled in Jersey a deep and lasting commitment to shaping and upholding international standards. It was fitting and moving for Colin’s contribution to be recognised in this manner at the international plenary meeting.’
Government officials are working with the Jersey Financial Services Commission and Jersey Finance to establish a memorial to mark the significant contribution to Jersey made by Mr Powell, whose public service to the Island can be traced back to 1969. The plans, which are set to be unveiled shortly, include a proposal to establish a series of memorial lectures to be delivered in Jersey by respected international speakers who are active in public life.
Senator Gorst added: ‘We believe this would be an appropriate way to honour Colin’s life and work, and continue his
enthusiasm for discussion and debate on the big issues of the day.’