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Isle of Man News - Business, Taxation & Offshore


BEPS Multilateral Instrument To Enter Into Force

by Ulrika Lomas, Tax-News.com, Brussels

Friday, March 23, 2018

The OECD has announced that its multilateral convention to implement tax treaty-related measures to counter base erosion and profit shifting will enter into force on July 1, 2018.Read Full Story


EU Committee To Consider VAT Response To Paradise Papers

by Jason Gorringe, Tax-News.com, London

Wednesday, February 28, 2018

Value-added tax avoidance will be considered by a new EU anti-tax avoidance committee, the creation of which is expected to be endorsed at an EU parliamentary plenary on March 1, 2018.Read Full Story


Isle Of Man To Introduce New VAT Fraud Penalty

by Jason Gorringe, Tax-News.com, London

Wednesday, February 28, 2018

The Isle of Man Treasury has announced that a new 30 percent penalty for participation in VAT fraud will be introduced from March 1, 2018. Read Full Story


IoM Budget Includes Plan For Bank Tax

by Amanda Banks, Tax-News.com, London

Thursday, February 22, 2018

The Isle of Man's 2018 Budget maintains the zero percent company tax rate, and announces a banking tax review, which will look at taxing all banking profits at the 10 percent rate from next year.Read Full Story


Six More States Sign The BEPS Multilateral Instrument

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, January 25, 2018

A further six countries have signed the BEPS multilateral instrument, enabling them to swiftly amend their double tax treaties to incorporate the recommendations put forward by the OECD as part of its base erosion and profit shifting Action Plan.Read Full Story


Jersey Ratifies BEPS Multilateral Instrument

by Jason Gorringe, Tax-News.com, London

Tuesday, December 26, 2017

Jersey has become one of only three jurisdictions to ratify the BEPS multilateral instrument to revise tax treaties to counter base erosion and profit shifting.Read Full Story


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