Playing by the rules

At a time where intermediaries and clients have been more discerning about the jurisdictions they do business in, it is necessary for offshore centres such as the Isle of Man to meet changing international regulatory standards to keep ahead of the game. New legislation in the fund and life insurance industry has been aimed at meeting these international regulatory initiatives. A major initiative in recent months has been in the funds sector, where a new package has been announced in a bid to give a competitive edge to the industry. Two of the measures have been related to tax ' VAT...