IOM distanced from tax haven reputation

Mannin foddey veih drogh-ghoo kemmyrk-keesh

Ta'n reiltys er gheddyn cooney as eh prowal geddyn rey rish drogh-ghoo erbee jeh Mannin myr kemmyrk-keesh.

Ta ronsaght noa er ghra dy vel yn ennym 'kemmyrk-keesh' cooie da kiare reillyssyn as feed - goaill stiagh ny h-Ellanyn Moidyn Goaldagh as Gibraltar.

Ta olkeyryn er nyn enmys myr ashoonyn 'sink' -  ynnydyn raad ta rouyr dy chooid er nyn geiltyn fo'n tarmaynys leighoil.

Ta'n leighder Paul Beckett soilshaghey magh yn oyr nagh vel yn ennym 'kemmyrk-keesh' cooie da Mannin. T'eh gra, 'Cha nee keesh injil ny resoon undinagh, er y fa dy vel shen ry-gheddyn ayns gagh ynnyd. Yn ard-red t'ec ny h-ynnydyn elley, shen dy vel ad çhebbal wheesh folliaght as wheesh keiltynys liorish aghtyn feer whaagh nagh vel shinyn çhebbal ayns shoh er chor erbee'.


IOM distanced from tax haven reputation

Government has been dealt a boost as it tries to distance itself from the tax haven reputation.

New research has identified 24 jurisdictions matching that description - including the British Virgin Islands and Gibraltar.

Offenders have been branded 'sink' nations - places where a disproportionate amount of assets are hidden underneath the legitimate economy.

Avocate Paul Beckett explains why the Isle of Man doesn't fit the bill.  He says, 'The underlying reason isn't low tax, because that's everywhere. The point about the other centres is that they offer a level of secrecy, a level of concealment through very strange structures which we simply don't offer here'.