In November 2011 I worked with International Tax Review to leak that the UK’s Crown Dependencies were going to sign what have been called ‘son of FATCA’ automatic information exchange agreements.
Now the Isle of Man has signed up, taking a lead as is their practice (which I have to acknowledge).
These deals are not perfect. But they’re a major step forward.
Campaigning against tax havens has worked. But let’s be clear, we still have a long way to go. Including with the Isle of Man.