'A groundbreaking agreement which will give a welcome boost to the Isle of Man's finance sector' is Treasury Minister Allan Bell’s verdict on a deal struck with the Nordic Council.
Treasury representatives are in Oslo to sign the agreement, which improves information transfers and ends the prospect of double taxation for companies in Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden.
Mr Bell says the cooperation agreements are similar to those struck with the OECD some time ago and mark a new era for the Island.
Speaking from the Norwegian capital, he explained what the documents would actually mean (audio file attached):
(Image: The flag of the Nordic Council).
New child employment rules come into force
Tourist tax would be 'wrong move at the wrong time', says Douglas hotelier
Diesel price increases 'could put some taxi drivers out of business'
Interim census 'important for business as well as government'
