Chief Minister signs renegotiated 'double taxation arrangement'

The Chief Minister has signed a renegotiated arrangement that looks to eliminate double taxation and combat tax avoidance and evasion.

Howard Quayle put pen to paper on the agreement between the Island government and that of the UK and Northern Ireland on Monday, June 2.

The document that Mr Quayle has signed replaces the Double Taxation Agreement signed in 1955.

Subject to the deal being ratified by Tynwald and the UK, the arrangement would be effective during 2019.