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Softening of attitude towards 'tax havens'

Harsh criticism of the offshore jurisdictions by the United States may evaporate in the New Year, to the benefit of the Isle of Man.

Although certain American politicians are still keen to directly challenge the jursidictions, Treasury Minister Allan Bell says there is generally a change in the approach being taken.

Mr Bell says the 'blacklist' idea, of naming and shaming the world's 'tax havens', is being put to one side:

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