Page last updated at 12:46 GMT, Wednesday, 1 April 2009 13:46 UK

Manx 'should avoid G20 blacklist'


The House of Keys believe they have done enough to comply with regulations

The Isle of Man has done enough to avoid being blacklisted as a tax haven at the G20 summit, according to the island's government.

Finance minister Allan Bell said the government has been working "assiduously" to prove the Isle of Man is not a tax haven.

He said: "In fact, we have signed more tax information exchange agreements than any small country in the world."

World leaders at G20 will issue a communique on tax havens on Thursday.

The G20 summit of world leaders is meeting in London to discuss plans to tackle the current economic crisis.

The Manx government has been working alongside the Organisation of Economic Co-operation and Development (OECD) to ensure the Isle of Man proves it provides transparent tax services.

The OECD partnership has led to the Isle of Man forge more than a dozen tax information exchange agreements with other countries, which could help the island stay off any blacklist.

Mr Bell said: "If the G20 is objective in what it's doing, the Isle of Man should not be too adversely affected by whatever outcome might eventually appear."

Print Sponsor

G20 call for action amid protests
01 Apr 09 |  Business
France signs island tax agreement
26 Mar 09 |  Isle of Man
G20: The key issues
30 Mar 09 |  Business
Anger at Darling island criticism
06 Nov 08 |  Isle of Man
UK rules out backing depositors
04 Nov 08 |  Isle of Man

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific