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The news today (7 December 2012) that the Isle of Man will be adopting tax information sharing arrangements with the United Kingdom which will follow closely the FATCA intergovernmental agreement currently being negotiated with the United States comes as no surprise.

Whether we want information on a prominent business person, a local restaurant, a famous actor or a new vacuum cleaner, we generally "google it".

A review has recently taken place by the Department of Home Affairs of the Island’s current AML and CFT legislation which has resulted in several proposed amendments.

In the February budget, Treasury Minister Allan Bell MHK introduced a much talked about personal income tax cap of £100,000 which is designed to attract entrepreneurial investment and stimulate economic activity in the Island. This has created a great deal of interest from a number of high profile wealthy entrepreneurs who are now looking at the Island as a desirable residence with the attendant benefit of establishing a new business.

The Isle of Man's financial position remains buoyant and well placed to ride out the current downturn in the world economy.

The Draft Equality Bill 2015 is based on the English Equality Act 2010 and will ensure that all Isle of Man equality provisions are comprehensive.

Legislation aiming to make terms and conditions fair for consumers came into effect at the beginning of April.

The Isle of Man’s new Department of Economic Development is celebrating the end of a successful year and the continued progress on the diversification of the Island’s economy.

Despite the abolition of the Slavenburg register by the UK Overseas Companies (Execution of Documents and Registration of Charges) (Amendment) Regulations 2011 ("the Regulations"), DQ still receive some requests to register charges granted by Isle of Man companies over property in the UK.

There is no statutory guidance in the Isle of Man on the role, rights and obligations of a protector. Here, we consider some recent case law which examines the nature of the protector.

The Isle of Man presents a compelling proposition for ultra high net-worth individuals. It has no capital gains or inheritance tax and has no intention of introducing them.

First published by International Comparative Legal Guides, May 2018