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IOM Chief Angry At UK Reports of Threats to Tax Status

Tax-news.com

24 October 1999


Isle of Man Chief Minister Donald Gelling responded angrily this week to reports by UK newspapers that UK Chancellor Gordon Brown, Home Affairs Secretary Jack Straw and Foreign Secretary Robin Cook were about to issue a warning to UK dependencies that they must accept EU tax co-ordination measures.

The news reports, which could not be substantiated, came within a day of the recent visit by UK Home Office Minister Lord Bassam, a point which concerned Mr Gelling: 'It was extremely concerning to me that we had Lord Bassam here on Monday, and this was 24 hours later and nothing had been said to us. We were rather angry. We don't as yet know if Lord Bassam was aware of it.'

Relations with the UK have been strained since last year when the Edwards Review into financial regulatory systems was announced without any consultation with the island.

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