On Air Now Greatest Hits Bank Holiday 10:00am - 7:00pm Email
Now Playing Get Down On It Kool & The Gang Download

Manx beneficial ownership to be shared with Europe's largest economies

Automatic exchange of Manx beneficial ownership information has been agreed with the five largest European economies. 

The Isle of Man Government agreed the move - which has been spearheaded by the G5; the UK, France, Germany, Italy and Spain.
 
Companies, trusts, foundations, shell companies with law enforcement and tax administrations will now have to disclose their beneficiaries. 
 
International regulator, the OECD, and the Financial Action Task Force have been entrusted to develop the new system.  

More from Isle of Man News


Recently Played

Listen Live Listen