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04 February 2009
Categories:
News
Isle of Man concludes pacts with Aussie government
As part of its continuing programme of developing closer economic and taxation co-operation with other countries the Isle of Man recently concluded agreements with the government of Australia.
The two agreements are:
- a tax information exchange agreement based on the Organisation for Economic Co-operation and Development model; and
- an agreement for the allocation of taxing rights over certain income of individuals and to establish a mutual agreement procedure in respect of transfer pricing adjustments.
The Isle of Man now has tax co-operation agreements in place with 12 countries ten of which are members of the OECD.
Isle of Man’s Treasury Minister Allan Bell said: ‘The Isle of Man understands what is required of a financial centre that is part of the global economic community. These agreements show once again that we work well with other countries and deliver against our promises’.
Angel Gurría...
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