UK and IoM to 'explore' ways to combat tax avoidance

Exchequer to the Treasury James Murray and Isle of Man Treasury minister Dr Alex Allinson held a virtual meeting yesterday (27 May) to discuss further collaboration on a tax avoidance and evasion crackdown. It is expected that this could include improving on the flow of information between the two jurisdictions, as well as methods of joint working and other options. "Both governments are committed to taking robust action to deter and disrupt the activities of those who seek to promote marketed tax avoidance schemes that threaten our tax systems and the reputations of our well-establis...