IOM Government Welcomes OECD Dialogue
The Isle of Man Government, which has consistently rejected
suggestions that Isle is a tax haven, has welcomed the Organisation
for Economic Co-operation and Development's (OECD) decision to
focus on ensuring that global tax competition is fair rather than
harmful. Spokesperson for the Isle of Man
Treasury John Cashen said last week that the Isle of Man is
confident that its tax practices are competitive but fair: ‘We
believe we meet all the OECD criteria for determining fair competition
and, of course, our jurisdiction received independent endorsement
earlier this year from the Edwards Report, commissioned by the
British government.’ Mr Cashen also said the Isle of
Man was happy to enter into dialogue with the OECD and was
looking forward to the release of OECD member countries' self-reviews
of their preferential tax regimes in April 2000: ‘We look forward
to seeing these reviews made public so that non-OECD countries
can take their lead from the OECD members themselves,’ he said. .
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