X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

It may be a cliche, but it is difficult to avoid the conclusion that the Isle of Man is going through a defining period of change – and opportunity. The island has recently spent several years on the back foot, reacting to the international drive for transparency and the erosion of harmful tax competition, largely at the behest of supra-national organisations such as the Organisation for Economic Co-operation and Development (OECD), the International Monetary Fund (IMF) and the European Union (EU). On the regulatory side, this has resulted in the introduction of strict anti-money laundering requirements, the regulation of fiduciary service providers and enhanced supervision of financial services companies. On the tax side, steps have been taken to eliminate ring-fenced tax regimes, to implement the EU Savings Directive and to settle the terms of bilateral tax information exchange agreements.

This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.

A PREMIUM SUBSCRIPTION PROVIDES:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site's full archive of more than 56,000 articles

Already have an account?

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651

 

Legal Week Newsletters & Alerts

Sign Up Today and Never Miss Another Story.

As part of your subscription, you can sign up for an unlimited number of a wide range of complimentary newsletters and alerts. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 American Lawyer Media International, LLC. All Rights Reserved.