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Bell buoyant over Island's reputation

by isleofman.com 23rd May 2016

Meeting changes mood

The chief minister says the Island's reputation as an offshore financial centre is stronger now than at any time in the past 15 years.

That despite the Panama Papers unleashing international hostility towards small jurisdictions over tax transparency.

Allan Bell says he feared pressure on the offshores would reach critical levels at David Cameron's recent anti-corruption conference in London.

But those concerns evaporated when he grasped an opportunity at the summit to re-iterate action by the Crown Dependencies to meet international standards.

Mr Bell used the opportunity to expose lack of action by the US authorities on small jurisdictions under their own control.

The chief minister says there's been a complete turnaround:

Posted by isleofman.com
Monday 23rd, May 2016 06:52pm.

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