Douglas, ISLE OF MAN - The latest UK budget has now been released and not surprisingly it has some potential ramifications for offshore jurisdictions such as the Isle of Man.

In October last year we reported on the Isle of Man's first Tax Information Exchange Agreement (TIEA) case.

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.

‘An economy that offers low and capped taxes on personal income, no taxes on capital and zero or capped taxes on corporate profits – that’s an environment that investors will find hard to resist,’ says Fedelta’s Michael Shimmin…

On 27 November 2013 His Honour Deemster Corlett provided his Judgment in the Isle of Man High Court Case of Danske Bank A/S v (1) Irish Revenue & Commissioners (2) HM Attorney General for the Isle of Man and (3) The Financial Supervision Commission (CHP 2013/48), a case concerning bank confidentiality.

The Isle of Man is sometimes overlooked as a tax-efficient, responsible and dynamic international business centre because, unlike Britain's other Crown Dependencies and Overseas Territories, it is treated as being part of the UK for VAT purposes.

Global mobility and the portability of Corporate Structures has become increasingly important to Clients and their Advisers, who often move corporate entities from one jurisdiction to another.

The Isle of Man Companies Act 2006 (CA 2006) introduced what is commonly referred to as the New Manx Vehicle (NMV). Companies incorporated under the Isle of Man Companies Act 2006 provide a more modern and dynamic form of corporate entity ...

The Isle of Man is a leading jurisdiction for luxury asset holding vehicles and post the UK's departure from the Single Market, it is particularly well suited to enable client's planning...

Manx tax legislation does not specifically refer to Trusts and instead taxes according to a mixture of both residence and source basing factors in each case.

Leading offshore law firm, DQ Advocates, hosted its Global Tax Enforcement conference in September 2015 in the Isle of Man in conjunction with global law firm Latham & Watkins. - See more at: http://www.dq.im/news/dq-hosts-another-successful-global-tax-enforcement-conference#sthash.k7526rCJ.dpuf

Trusts offer a tried and tested fiscal vehicle for those seeking to split the legal title and equitable rights to defined assets for specific purpose.

In the world of international structuring, the terms ‘Economic Substance' and ‘Central Management and Control' are often used interchangeably...

Following successful conferences in the Isle of Man in 2014 and in Gibraltar in March 2015, leading offshore law firm DQ Advocates and global law firm Latham & Watkins will be hosting their latest Global Tax Investigations Conference in the Isle of Man on 11 September 2015.