Chief Minister hopeful FATCA won't drive away business

Allan Bell revealed last week that the Manx Government will be adopting tax information sharing arrangements with the UK and America in a bid to become more transparent. 

 

It follows on from the FATCA intergovernmental agreement which is being negotiated with America. 

 

Our government and the UKs will now adopt a reciprocal arrangement and will share information on tax residents on an annual basis. 

 

Mr Bell is hopeful that it will be a fair playing field: 

(PLAY AUDIO ABOVE)