Offshore Tax Havens in the Hot Glow of the Spotlight
And it’s likely to get hotter still as countries like the UK and the US turn the barrells on tax havens. Accountancy Age: Malcolm Couch, assessor of income tax in the Isle of Man, warned there would be increased attention on the development and implementation of tax standards over the next five years. “This year we have seen increased attention on how countries around the world implement tax standards and co-operate with each other, and this was particularly highlighted by the …
And it’s likely to get hotter still as countries like the UK and the US turn the barrells on tax havens.
Accountancy Age: Malcolm Couch, assessor of income tax in the Isle of Man, warned there would be increased attention on the development and implementation of tax standards over the next five years.
“This year we have seen increased attention on how countries around the world implement tax standards and co-operate with each other, and this was particularly highlighted by the focus of the G20 and the OECD on the issue,” said Dr Couch.
But they’re prepared to have a bit of give-and-take and do an awkward dance with tax authorities to keep them sweet.
“As a leading international business centre the Isle of Man will continue our programme of negotiating tax co-operation agreements and engaging on this issue with countries around the world, added Dr Couch.
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