Isle of Man

Life companies have hit back at action group claims they are not using their weight to pressure the Isle of Man (IoM) Government into returning all bondholders' money trapped in collapsed bank Kaupthing Singer & Friedlander Isle of Man (KSFIOM).

Tax has been constantly in the news in advance of the G-20 summit as Gordon Brown and other world leaders have made clear their intentions to identify and possibly take sanctions against 'non-cooperative jurisdictions' and 'tax havens'.

The Isle of Man has signed a Tax Information Exchange Agreement (TIEA) with France, marking its twelfth agreement with an OECD member country.

Guernsey, Jersey and the Isle of Man are cautiously optimistic they will not be blacklisted in the G20 crackdown on tax havens and hope the islands could benefit as other jurisdictions come under the spotlight.

Foreign savings providers such as ICICI, the Indian bank, are back in fashion among Britons desperately searching for high returns on their savings.

The Isle of Man has signed an agreement with Germany to share information about tax.

Aegon Scottish Equitable International (ASEI) has been accused by an adviser of publishing misleading literature for a cash deposit fund offered by Kaupthing Singer & Friedlander IOM (KSFIOM).

European leaders at the G7 meeting are preparing a united front against 'tax haven' abuse ahead of the G20 summit on 2 April.

European leaders at the G7 meeting are preparing a united front against 'tax haven' abuse ahead of the G20 summit on 2 April.

Troubled Bank of Ireland will close its Guernsey branch and all operations and accounts will be moved to the Isle of Man.