I’d missed this on the BBC Isle of Man website:
The UK deputy prime minister, Nick Clegg, has pledged to support all "transparent" tax jurisdictions.
He was speaking at the 15th meeting of the British-Irish Council held in the Isle of Man on Monday.
Mr Clegg's statement comes as the European Union examines the effects of the island's Zero-Ten tax regime.
He said: "Tax jurisdictions shouldn't create perverse incentives to investors and so deprive exchequers of legitimate income".
"We will continue to promote and defend the Crown dependencies but only within the context of wider moves within the European Union in order to make sure there is full transparency," he added.
That looks like support for my Plan B for these places to me.
And for once, that’s an OK ConDem policy.
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Richard
I think what this also shows is that there appears to be a gulf opening up between the position of the LibDem and Tory members of the government on such matters. The article on page 28 of the new Private Eye about the ‘vision of a low-tax corporate Britain’, set out by the Treasury minister David Gauke, would certainly seem to strongly suggest so (if you haven’t already given your views on this and I’ve missed them they would be approciated). Anyway, it’s going to be interesting to see which side of the government prevails.
Of course, being less charitable – and lets be honest, after the debacle of the ‘pledge’ on tutition fees that’s easy to do – it could just be more smoke and mirrors from the LibDems.
@Ivan Horrocks
Ivan – re that PE article – see also here http://www.taxresearch.org.uk/Blog/2010/11/25/david-gauke-doesnt-get-the-tax-gap/