Island makes European tax greylist

Thursday, 7 December 2017 07:33

By Jason Roberts @ChpsChsGrvy

The Isle of Man's been put onto a European "greylist" of tax havens that are making efforts to mend their ways.

This week, EU finance ministers unveiled a list of 17 countries they consider tax havens - and while the Isle of Man wasn't on that list, it is on a list of those making tax changes to meet international standards.

Chief Minister Howard Quayle welcomed the news, saying the Island had been talking to the EU's Economic and Financial Affairs Council.

And the Island's Chamber of Commerce also said it was glad the Island had escaped being blacklisted.

More from Isle of Man Business

Skills shortage strategy launched by DESC

A new strategy to tackle a skills shortage on the Island has been revealed.
Cav supports sports investment fund

Manx cycling star Mark Cavendish has joined the likes of football star Cody Gakpo and MotoGP rider Cal Crutchlow in a sport investment fund.
Chamber of Commerce says hospitality approaching crisis point

The Isle of Man Chamber of Commerce is asking the government to take urgent action to protect the future of the Island's hospitality industry.
Tax deadline approaches for employers

There's just a fortnight left for employers and contractors to get tax returns in.
Digital innovation for business event in Douglas this week

An event welcoming people from all business sectors across the Island is taking place later this week.
How loyal are you to your bank?

A company's asking for people to take part in a survey as it gauges customer loyalty on the Island.
Has your Go card stopped?

Isle of Man Transport says IT problems this week means some Go cards haven't topped up properly.
Sustainable workplaces feature in presentation

A presentation about sustainability in the workplace takes place later this month.