Chief Minister urges Americans to support IOM

19 August 2010

The Isle of Man Chief Minister Tony Brown has appealed to people of Manx descent in North America to help promote the island overseas.

The chief minister implored attendees of the North American Manx Association's 50th annual convention in Denver to "speak up" against criticism of the island.

Mr Brown described much of the criticism levelled at the island as “unfair” and urged delegates to share their knowledge in an effort to set the record straight.

He spoke of the Island’s international record with respect to tax and strongly denied any suggestion the IOM supported evasion, secrecy and fraud.

"The Isle of Man government now has much more control of its external affairs, and as an example, we now enter into bilateral agreements with countries around the world - particularly in relation to taxation matters - and our government is an active player in a number of global initiatives.

"The Isle of Man does not support tax evasion or fraud, and we have never had banking secrecy.

"We work quietly with the authorities from many nations, including the United States, to help bring people who carry on such activities to justice, and we have been instrumental in successfully initiating and assisting in a number of important cases in the US," said Mr Brown.

Source

BBC


Advert

Article Search

Browse jurisdictions by clicking on the map regions below

© 2010 Society of Trust & Estate Practitioners