Isle of Man among 130 countries to back proposals
The Island's finance sector is prepared for change to happen quickly after 130 countries backed plans for a 15 per cent minimum global corporate tax rate.
The Isle of Man was among those in support of the reforms which aim to crack down on large multinational companies using low tax jurisdictions.
KPMG tax partner Robert Rotherham says nations like ours will still be able to set their own tax rates.
He believes the industry can adapt: