Ethics and governance in the European Financial centers

Isle of Man Today has reported the reaction of the Island’s Treasury Minister Allan Bell on the research Tax Research and the Tax Justice Network issued recently on the subsidy of £270 million the UK provides to the Isle of Man Government a year. What did the honourable minister have to say?:

In his speech Mr Bell said the article [in the Observer] had been initiated by the Tax Justice Network which he described as a ‘motley crew doing their very best to stir up resentment against not just the Isle of Man but off-shore jurisdictions in general.’

‘They (the Tax Justice Network] will use every opportunity to undermine the Island and try to damage our economy,’ he said. ‘We do need to keep an eye on these sort of bodies as well.’

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