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Isle Of Man Puts Positive Slant On Outcome Of OECD Talks

by Jason Gorringe, for LawAndTax-News.com, London

29 October 2003

The Isle of Man welcomes the outcome of the recent OECD talks in Ottowa, according to Treasury Minister, Allan Bell MHK.

Announcing that the multilateral body's recognition of the need for greater fairness with regard to its tax information sharing initiative was "encouraging news" for the jurisdiction, Mr Bell explained that:

"The Island was one of the first non-OECD countries to commit to the OECD programme, in accordance with our policy of constructive engagement with such international initiatives. But we made it clear from the outset that we expected a level playing field - in other words, that the OECD's requirements should apply equally to countries large and small around the world."

He continued:

"The OECD's confirmation of the importance of the level playing field principle is very much in line with what the Isle of Man has been saying all along, and we look forward to further progress on this issue."

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