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Today’s Top Headlines

IoM Signs Tax Agreement With Switzerland

by Jason Gorringe,, London

30 August 2013

The Isle of Man has signed a Tax Information Exchange Agreement (TIEA) with Switzerland.

The TIEA was signed during a ceremony in London on 28 August 2013, by Frank Grütter Chargé d’affaires of Switzerland and Eddie Teare MHK, the Isle of Man’s Treasury Minister.

Minister Teare said: "The Isle of Man Government welcomes the signing of a Tax Information Exchange Agreement with Switzerland, which I understand to be Switzerland’s first. I am delighted that the Island is a party to such a significant event. This is the Island’s 29th TIEA and its 39th agreement that meets the OECD international standard on tax co-operation and transparency. The signing of this agreement demonstrates the Island’s continuing commitment to meet current international standards in tax transparency and effective exchange of information."

TAGS: Isle of Man | compliance | tax | tax compliance | Switzerland | standards | Tax

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