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Island praised in tax openness report

Sat, 05 Nov 2011

The Isle of Man is one of only eight countries listed in a report as having all elements in place for tax information exchanges.

The OECD found that the Island has been effective in sharing information with other jurisdictions since it signed its first tax information exchange agreement in 2006.

The report is based on an assessment of the Island's legal and regulatory framework, and practical use of the tax agreements.

The other countries praised in the report are Australia, France, India, Ireland, Italy, Japan and Norway.


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