Isle of Man due to signal shift in tax policy - Isle of Man Today .
Isle of Man Treasury Minister Allan Bell was due today to signal a major shift in the Isle of Man's tax policy – with the aim of silencing the critics who accuse us of banking secrecy.
At a Organisation for Economic Co-operation and Development (OECD) Forum in Paris, Mr Bell will announce that the withholding tax for EU-residents with offshore bank accounts here will be scrapped from July 1, 2011 – and the automatic exchange of tax information introduced.
Credit where it is due: this and putting all trust and company information on public record comprise our major demands of the IoM.
If they intend to do this I wlcome it, of courss. It's a big step in the right direction.
But don't say pressure has not worked.
Now for Jersey, Guernsey and ever onwards.
And having that other data on public record.