Reinforcing its position as global leader in tax compliance and transparency
Isle of Man wins top OECD award
2013-12-06
Reading time 43 seg
(Isle of Man).- The Isle of Man has been awarded the Organisation for Economic Co-operation and Development's ‘top Compliant rating’ for tax purposes. The rating is based on a peer review assessment of the Island's legal and regulatory framework, carried out by a team of experts on behalf of the OECD's Global Forum.
A statement from the Isle of Man said the new rating 'reinforces its position' as one of the global leaders in tax compliance and transparency. Chief Minister Allan Bell MHK, said: "The rating announced today by the OECD's Global Forum puts the Isle of Man into the premier league and yet again confirms its position as one of the world's leading international business centres.
"The standard required to achieve a top rating is very high as can be seen by the number of jurisdictions that have not yet made the grade. This is an achievement the Isle of Man is rightly proud of. It is yet further evidence of the Island's international standing and reputation and that the Island can no longer be referred to as a 'tax haven'," he added.
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