Isle of Man Today
TREASURY Minister Allan Bell was due today to signal a major shift in the Isle of Man’s tax policy – with the aim of silencing the critics who accuse us of banking secrecy.
At a Organisation for Economic Co-operation and Development (OECD) Forum in Paris, Mr Bell will announce that the withholding tax for EU-residents with offshore bank accounts here will be scrapped from July 1, 2011 – and the automatic exchange of tax information introduced.
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