The UK Chancellor has hailed a new tax deal with the Isle of Man as a 'momentous step forward in tax transparency'.
On a visit to Washington last week George Osborne announced that the Island had become the first to sign up to a FATCA sharing arrangement with the UK.It means that tax information will be shared automatically from 2016.
Mr Osborne says it shows that when the two nations work together it is possible to push the international agenda forward.
Chief Minister Allan Bell believes the business community on the Island will welcome the announcement:
Postal vote deadline looms for those living abroad
MP reveals more details of Whitehaven ferry proposals
Council wishes Bee Gee happy 80th birthday
Warning over traffic delays as city centre work gets underway
Cruise ship makes fifth visit of year
Bee Gee's birthday marked by family and fans
Joanne smashes international cricket records
Mountain Road shuts this morning
Comments
Add a comment