Tax haven tag has to be scrapped says Minister

Monday, 3 November 2014 00:00

The Isle of Man can never again be described as a 'tax haven'.

That's the strongly worded message from the Treasury Minister after a tax agreement was signed in Berlin.

Based on the FATCA model of automatic exchange it sees 51 signatories unite to share tax information.

Eddie Teare says it's groundbreaking for the Island:

Nicola Guffogg is the assessor of Income Tax - she told us how it will be implemented:

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