Isle of Man Signs Tax Information Agreement with Canada

On 17th January 2011 the Isle of Man signed a Tax Information Exchange Agreement (TIEA) with Canada which meets the OECD international tax standard on transparency and effective exchange of information, thus continuing the Isle of Man's policy of creating better economic and political relations with international partners and promoting international co-operation in tax matters through exchange of information.

The Isle of Man has now entered into 21 agreements meeting OECD criteria of which 18 are TIEAs and 3 are Double Taxation Agreements and expands on the Island's network of international tax co-operation agreements. Agreements have now been signed with European nations including the UK, France, Germany, the Netherlands, Malta, Denmark, Sweden, Belgium, Finland, Ireland, Portugal, Estonia, Norway and Iceland as well as the US, China, Australia, New Zealand, Greenland and the Faroe Islands.

18th January 2011