Lord Chancellor Jack Straw is set for talks with Isle of Man (IoM) chief minister Tony Brown to discuss the UK's relationship with the crown dependency.
It follows comments made this week by Alistair Darling who described the IoM as a “tax haven” and said the UK Government would have to take “a long hard look” at the tax opportunities it offers. Brown says he is still waiting for a response from Darling to a letter asking for clarification of his remarks. The Chancellor told the Treasury Select Committee on Monday the Government would review its relationship with the offshore tax haven in the wake of the Icelandic banking crisis. “It is important for depositors, and the people of the Isle of Man, that Government moves forward on many lev...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes