Advertisement

Minister plays down ?1 billion Crown Dependencies tax claim

by isleofman.com 16th April 2013

The Treasury Minister believes there's little unpaid tax due to the British Exchequer from Manx sources.

Eddie Teare was speaking in Tynwald this morning in response to a question from Rushen MHK Laurence Skelly who wanted to know what proportion of a claimed ?1 billion sum of unpaid taxes from Crown Dependencies, announced by the UK Chancellor, may come from the Island.

Mr Teare told the court the 2013 UK Budget estimated that three recent disclosure facilities with Jersey, Guernsey and the Island would generate a billion pounds over the next five years  - but he didn't think much of this would come from here


Clip 1
Posted by isleofman.com
Tuesday 16th, April 2013 02:58pm.

Popular Articles

Advertisement

You also might be interested in

Stephen Savage joins Quinn Legal’s Corporate and Commercial legal team.

Business

When the clocks sprung forward we lost another precious hour of sleep

Health & Wellness

The GFoGE guide to obstacle races & why should you do one.

Sports & Leisure

Why not take a "Wallaby" walk in the Curragh?

Nature & Wildlife

Hop-tu-Naa is an ancient festival celebrated on the Isle of Man

Visitor Guide

The Isle of Man hosts many traditional ceremonies throughout the year

Visitor Guide