Europe

Isle of Man ratifies multilateral treaty aimed at tax avoidance

The Isle of Man has become the second nation to ratify a multilateral tax treaty designed to prevent tax avoidance by multinational firms. The Isle of Man follows Austria, depositing its instrument of ratification of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) with the OECD

Isle of Man

Isle of Man signs TIEA with Swaziland

The Isle of Man has announced that it signed a tax information exchange agreement (TIEA) with the Kingdom of Swaziland on May 16.

The TIEA was signed by Eddie Teare MHK, the Isle of Man’s Treasury Minister, in the Isle of Man, and by Senator Martin G. Dlamini, Swaziland’s Minister for Finance, in Swaziland.

The Isle of Man has signed 42 tax agreements, including 32 TIEAs. Tax agreement with Swaziland

Europe

Isle of Man dropped from Italy’s tax blacklist

The Isle of Man was dropped from Italy’s tax blacklist regarding deductibility of costs as of April 1, the Isle of Man government announced on April 17. The change was made on account of a new Italian law which provides that jurisdictions that have exchange of information arrangements . . .