rather than being a refuge for those wishing to avoid paying UK tax, it has looked to provide just regulation and a competitive commercial environment, as well as play its part in the fight against money laundering and tax evasion.
Isle of Man chief minister Tony Brown described Darling's comments as "unfortunate", adding the UK has a "constitutional responsibility" to represent it internationally.
"We have a good relationship with the UK and are a major contributor, via the City of London, to their economy."
Not half as good a contributor as we are to the Isle of Man though, given that the UK literally gifts the Isle of Man government more than half its annual income each year, a subsidy we provide so that it can operate as a tax haven.
Now that is very good reason why we should re-examine our relationship with the place. We could sink it by simply withdrawing our support. Maybe that's one for the Pre-Budget Report in these cash strapped times?