First Tax Agreements With Ireland Will Provide 'Platform For New Business Opportunities'.The Isle of Man Noun 1. Isle of Man - one of the British Isles in the Irish Sea Man British Isles - Great Britain and Ireland and adjacent islands in the north Atlantic has been successful in striking the first tax deal to be made between Ireland and another international finance centre. The move comprises two agreements providing for cooperation on key issues affecting international business and is likely to strengthen economic ties. The official ceremony, attended by Treasury Minister, Allan Bell For the sociolinguist of the same name, see Allan Bell (Sociolinguist) Hon Allan Robert Bell MHK is currently the Treasury Minister of the Isle of Man Government and Member of the House of Keys for Ramsey. , and Irish Taoiseach Elect, Brian Cowen Brian Cowen (Irish: Brian Ó Comhain; born 10 January, 1960) is a senior Irish Fianna Fáil politician and the current Tánaiste of Ireland. , was held in Dublin. The agreements comprise: A tax information exchange agreement - known as a 'TIEA' - based on the OECD's model of request on a case-by-case basis: and An agreement providing for relief from double taxation with respect to certain income of individuals and establishing a mutual procedure covering the adjustments of profits in relation to associated enterprises. Mr Bell said: 'Ireland is one of our closest neighbours and it is essential that we work together in a spirit of friendly cooperation to further the interests of both countries. 'The Isle of Man understands its obligations as a financial centre that is part of the global economic community. These agreements draw to a close a period in which the Irish government had concerns that its citizens and businesses might abuse Isle of Man financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to evade e·vade v. e·vad·ed, e·vad·ing, e·vades v.tr. 1. To escape or avoid by cleverness or deceit: evade arrest. 2. a. taxes at home. 'This normalising of relations will provide a platform for significantly strengthening our business and economic ties with Ireland. The specialist services in the Isle of Man can complement those in Ireland,' Mr Bell pointed out. 'And I now look forward to seeing many new opportunities for business between our countries.' 'The Isle of Man is meeting international benchmark standards,' added Mr Bell, 'and fulfilling our obligations as a small but significant player in the global economic community. These standards are becoming increasingly vital, and I hope they are adhered to by all countries wishing to attract top-class business and investment to their shores.' The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. Isle of Man Finance The Treasury Isle of Man Government The Isle of Man Government (Manx: Reiltys Ellan Vannin) is the government of the Isle of Man. The head of the Isle of Man Government is the Chief Minister. 2nd Floor, Illiam Dhone Illiam Dhone (14 April 1608 - 1663) was a famous Manx nationalist and politician. He was a son of Ewan Christian, a Deemster. Illiam Dhone literally translated to Brown William - a name he received due to his dark hair. His name in English was William Christian. House, 2 Circular Road Douglas IM1 1PG ISLE OF MAN Tel: 01624686400 Fax: 01624686454 E-mail: enquiries@isleofmanfinance.com URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : www.isleofmanfinance.com Click Here for related articles (c) Mondaq Ltd, 2008 - Tel. +44 (0)20 8544 8300 - http://www.mondaq.com |
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