The Isle of Man has expressed its "surprise" after Alistair Darling promised to take a "long hard look" at the crown dependency's status as a tax haven.
It says rather than being a refuge for those wishing to avoid paying UK tax, it has looked to provide just regulation and a competitive commercial environment, as well as play its part in the fight against money laundering and tax evasion. Isle of Man Finance director John Spellman adds it hopes Darling’s remarks do not deflect the UK Government from representing the Isle of Man in its negotiations with Icleand to ensure Kaupthing depositors get their money back. Meanwhile, Isle of Man chief minister Tony Brown described Darling's comments as "unfortunate", adding the UK has a "constituti...
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