Treasury welcomes re-confirmation of "AAA" credit rating - December 2009 (247 kb)Format:Acrobat PDF File
Treasury Minister Allan Bell MHK welcomed the confirmation yesterday (1st December 2009) of the Isle of Man’s “AAA” credit rating by Standard and Poor’s.
Foresight is paying dividends - November 2009 (242 kb)Format:Acrobat PDF File
Providing power, communications, transport and other services at an affordable price is never easy on a small island that depends on imported oil and gas.
VAT Standard Rate increases to 17.5% - November 2009 (237 kb)Format:Acrobat PDF File
All VAT registered traders are reminded and should be aware that the standard rate of VAT which was temporarily reduced to 15% on 1st December 2008 will revert to the previous rate of 17.5% with effect from 1st January 2010.
UK 'better off with' tax havens - November 2009 (178 kb)Format:Acrobat PDF File
Offshore financial centres have a beneficial economic impact on neighbouring industrialised countries, according to a study commissioned in a bid to counter growing political pressure on tax havens.
UK Treasury - Asset Management Working Group Findings - November 2009 (239 kb)Format:Acrobat PDF File
The Asset Management Working Group has now published their report into promoting the asset management sector. The report says recent market turmoil has sent lawmakers and regulators back to the drawing board. The new rules which result will shape our financial landscape for years to come, the group says.
Revised Revenue Sharing Arrangements published - November 2009 (173 kb)Format:Acrobat PDF File
CHIEF Minister Tony Brown MHK has today (Tuesday November 3, 2009) announced the publication of the recently revised arrangements for the sharing of revenues between the Isle of Man and the United Kingdom.
Stability provides buffer against storm - November 2009 (215 kb)Format:Acrobat PDF File
John Spellman of Isle of Man Finance says: 'The extraordinary levels of government borrowing, job losses and contractions in the global economy means that the balance between spending and taxes in most developed countries will require political fortitude and fiscal engineering not seen in our lifetimes.
Isle of Man welcomes findings of UK review of offshore finance centres - October 2009 (197 kb)Format:Acrobat PDF File
CHIEF Minister Tony Brown MHK today welcomed the findings of Michael Foot’s Review of Crown Dependencies and Overseas Territories as a “positive, constructive, and independent assessment of the Isle of Man’s status as a well-regulated and co-operative jurisdiction with a sound and diverse economy able to cope with and adjust to global economic crises”.
The Isle of Man Signs a New Double Taxation Agreement with Malta - October 2009 (193 kb)Format:Acrobat PDF File
This is the third double taxation agreement in six months that the Isle of Man has signed with a European Union member state.
The Future Business Taxation Regime in the Isle of Man - October 2009 (198 kb)Format:Acrobat PDF File
TREASURY Minister Allan Bell MHK has given an assurance that any changes to the Isle of Man’s business tax system will be subject to full consultation and the usual legislative process.
Channel Islands maintain TIEAs still important - August 2009 (126 kb)Format:Acrobat PDF File
The Channel Islands maintain tax information exchange agreements (TIEAs) still have a future despite plans to move to automatic exchange agreements.
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