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PM's comments welcomed by government

David Cameron has definitively stated that the Isle of Man is not a tax haven.

Speaking in the House of Commons this week the UK Prime Minister highlighted the positive action taken being taken by the Island, and other crown dependencies, on international tax matters.

He says as a result it's time to focus on those countries that really are tax havens.

Treasury Minister Eddie Teare says the PM's remarks are a major step in the right direction:

(audio)

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