A local tax expert says it could take the Isle of Man another 10 years to lose its ‘tax haven’ status.
It follows the Prime Minister’s request for all British crown dependencies and overseas territories to get their houses in order ahead of next month’s G8 summit.David Cameron has also called for improvement in the quality and accuracy of information which is exchanged between countries.
The Isle of Man is seen to be leading the way as it has already committed to the FATCA agreement.
Kevin Cowley from PWC says the opinion of the Island will change but gradually:
(PLAY AUDIO ABOVE)
Balladoole's re-use sheds on the agenda in Tynwald
Yellow weather warning issued over snow and ice tonight
Steam Packet carried 680,000 passengers last year
Roof work to shut Castletown shopping street
Church unveils plans to modernise facilities
Are Mountain Road closures harming Ramsey?
No whey! Creamery says goodbye to much-loved butter
Roofing Outlaw plans Isle of Man franchise
