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.
Report argues that the government must change the way it makes tax and budget decisions
Committee expresses concern about costs to businesses and April 2018 implementation date
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes