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NEWS

UK Chancellor Hails Tax Deal With IoM


21/10/2013

The United Kingdom's Chancellor of the Exchequer, George Osborne, has called the signing of a tax information-sharing agreement between the UK and the Isle of Man a "momentous step forward in tax transparency."

The intergovernmental agreement, which extends the automatic disclosure of tax information between the two jurisdictions, was signed in London on October 10 by Chief Minister Allan Bell and HM Treasury Exchequer Secretary David Gauke. The Isle of Man is the first jurisdiction to sign such an agreement with the UK.

"The agreement we have now signed with the Isle of Man is a momentous step forward in tax transparency, showing that when we work together we can push the international agenda forward," Mr Osborne said.

The UK seeks to reach similar agreements with Guernsey and Jersey.

www.lowtax.net

Related jurisdictions:
UK LTD
UK LLP
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