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Isle Of Man Signs TIEAs With Indonesia, Japan [DO NOT EDIT]
Tom Burroughes
24 June 2011
The government of the Isle of Man has signed tax information
agreements with Indonesia
and Japan,
bringing its total number of TIEAs to 23, the jurisdiction said. The agreements were signed when IoM Treasury minister Anne Craine
visited London
last week. These two new agreements mean the Isle
of Man now has 23 TIEAs and 27 agreements in total that meet the
OECD international standard on tax co-operation and transparency. Such offshore
jurisdictions have been under relentless international pressure to make their
business affairs as transparent for tax purposes as possible. “Less than three weeks ago the OECD’s Global Forum on
Transparency and Exchange of Information for Tax Purposes published its report
on the Isle of Man and concluded that our
existing agreements are working effectively and efficiently in practice,”
Craine said in a statement.