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Isle of Man gives conditional commitment to OECD

The Isle of Man government has made clear its decision to make a commitment to the Organisation for Economic Co-operation and Development on the elimination of harmful tax practices is conditional on other countries complying.

The Isle of Man has given the commitment to the OECD to remove the uncertainty over whether the island would be blacklisted as an &#39uncooperative tax haven&#39.

Isle of Man Treasury chief financial officer John Cashen says: “We are not going to disadvantage ourselves by introducing changes in advance of countries like Switzerland, Hong Kong and Luxembourg. If they don&#39t meet the criteria, the whole exercise will collapse.”

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Auto-enrolment: pay attention or pay the price

By Simon Fletcher

As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.

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