Isle of Man and France sign tax agreement
Low-tax jurisdiction signs TIEA ahead of next month's G20 summit
The Isle of Man has signed its 12th tax information exchange agreement (TIEA)
with an OECD member country, commiting to greater tax co-operation with France.
The agreement between the two countries means the Isle of Man has now signed
over a quarter of the 51 TIEAs in existence globally.
Allan Bell, the Isle of Man’s treasury minister, and Eric Woerth, French
secretary of state for the budget, public accounts and civil service, will
officially sign the agreement in Douglas today.
Bell said the TIEA with France is a significant milestone in the
jurisdiction’s commitment to tax co-operation.
‘For nine years the Isle of Man government has been dedicated to achieving
OECD standards,’ he said.
An agreement for the avoidance of double taxation in relation to enterprises
operating ships in international traffic will also be signed today.