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Isle Of Man Welcomes Recognition From UK's PM,
by Jason Gorringe, Tax-News.com, London
Thursday, April 16, 2009
The Isle of Man government has welcomed a letter from UK Prime Minister Gordon
Brown recognising the island’s compliance with international standards
on taxation.
The letter follows the island’s inclusion on the OECD ‘white list’
- of countries complying with the global standard for tax co-operation and exchange
of information – produced after the G20 summit in London.
The Prime Minister welcomes the progress made by the Crown Dependencies and
encourages them to ‘continue to set the pace’ in the tax transparency
process.
Speaking on behalf of government, Minister David Cretney commented:
“The UK Prime Minister has acknowledged that the Isle of Man has taken
a leading role in complying with international standards on taxation.”
“Brown’s emphasis on the importance of international standards
on tax is very much in line with the policy of the Isle of Man government over
the past decade. Compliance with global standards of tax transparency and financial
regulation has been, and will continue to be, fundamental to our approach.”
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