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Chief Minister updates Westminster on Island's progress on tax measures

Ahead of the G20 summit next week the chief minister has written to UK Prime Minister David Cameron, updating him on the Island's progress on tax measures.

At the G8 summit in June the Isle of Man committed to joining a convention which helps developing countries with tax information exchange

Allan Bell has told Mr Cameron that's expected to come into effect here from January 1 next year.

Meanwhile, on the issue of beneficial ownership, another priority at G8, Mr Bell said a review is ongoing, in line with the action plan published on June 18.

 

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