Russia’s Finance Ministry has received suggestions from several offshore zones on organization of negotiations on exchange of tax information, Russia’s Deputy Finance Minister Sergei Shatalov told a Week of Russian Business on Monday. “Lately, the finance ministry has received suggestions from the British Virgin Islands, Bermuda Islands, the Isle of… – Continue reading
The President of Tynwald, the Hon Clare Christian, has welcomed His Excellency Mr Dominik Furgler, Ambassador of Switzerland to the United Kingdom, to Tynwald. His Excellency was joined by his wife, Mrs Hayam Furgler and Ms Rebekka Benesch, First Secretary for Financial and Fiscal Affairs on a two-day visit which… – Continue reading
The chickens are quietly coming home to roost. In Europe, that is. For a long time, multinational companies have created shell companies – those offices where, beyond furniture and a teapot, there is hardly any business going on – to mainly pay lower tax and move illicit funds. These opaque… – Continue reading
Chief Minister Allan Bell MHK has welcomed further recognition of the Isle of Man’s commitment to the evolving international tax agenda. Angel Gurria, Secretary General of the Organisation for Economic Co-operation and Development (OECD), has praised the Island for its action to combat tax evasion. During a debate at the… – Continue reading
A strong end to 2013 marked a notable increase in transactional activity and underlined positive trends which had emerged during the year, according to the latest Offshore-i Report released by Appleby, one of the world’s largest providers of offshore legal services. The report, which provides data and insight on merger… – Continue reading
The Isle of Man was downgraded by Standard & Poor’s because the ratings company said the offshore financial center is vulnerable to growing regulatory pressure. The island administration, which sits in the Irish Sea off the north-west coast of Britain, was cut to AA from AA+, S&P said in a statement. It was ranked AAA by… – Continue reading
The Manx government has asked S&P to stop its ratings after the agency warned of risks to the island’s financial services industry from international regulation The Isle of Man government has told Standard & Poor’s to stop rating its debt after the agency downgraded the island’s credit rating. S&P cut… – Continue reading
The Isle of Man is kind of like the United Kingdom’s version of the Caymen Islands. Technically it’s a crown dependency, and the British government is responsible for its defense and foreign relations. But it’s also completely self-governing with one of the oldest Parliaments in the world. The “island administration,” which… – Continue reading
Treasury moved to close loophole used by wealthy to avoid stamp duty By placing homes in companies they can be sold without paying tax Ministers had expected the new levy to raise £20million this year But Danny Alexander reveals it is on course to generate £100million A crackdown on the… – Continue reading
The e-Gaming team for the Department of Economic Development and representatives from the Isle of Man’s e-Gaming sector have reported an extremely high number of enquiries from potential new business showing serious interest following a highly successful ICE Totally Gaming event in London last week. Howard Quayle MHK, the Department’s… – Continue reading
