Speaking in the House of Commons, the prime minister praised the steps taken by the Isle of Man and the other crown dependencies in their transparency and fairness to tax matters.
Mr Cameron said; "it is very important our focus should now shift to those territories and countries that are really tax havens. The Crown Dependencies and Overseas Territories, which matter so much - quite rightly - to the British people and members, have taken the necessary action and should get the backing for it."
The news will be welcomed by Isle of Man Chief Minister Alan Bell who has recently written twice to the Prime Minister to reassure him about the islands position on the identification of corporate beneficial ownership and tax information exchange.
We have the expertise to assist with multi-jurisdictional fiduciary services for international structures
As Chairman of Greenko Group plc, I have enjoyed a four year association with IQE during which time they not only provided administration, corporate governance and company secretarial support but also the [dedicated] services of Mike Brown FCIS as a qualified and experienced Company Secretary to act on our behalf. Throughout this time, I found IQE and their staff to be very helpful, patient and professional in their dealings. As a London Stock Exchange AIM listed company we undertook several complex multi-jurisdictions corporate transactions and I am particularly appreciative of IQE’s invaluable support on these occasions. Keith Henry, Chairman, Greenko Group Plc