Against the backdrop of low corporate and personal taxes, no capital gains, inheritance or estate taxes, and a market leading fiscal and regulatory regime, the Isle of Man has become a highly regarded international finance centre. A sophisticated modern infrastructure and the availability of suitably qualified labour resources have made an important contribution to the Island’s growing reputation.
The Island’s recognition has also been enhanced by positive reports on its tax and regulatory practices by bodies such as the Financial Action Task Force (FATF), the Financial Stability Forum (an IMF body) and the Organisation for Economic Cooperation and Development (OECD), which included the Island on its 2009 ‘White List’ of cooperative jurisdictions.
Furthermore, since December 2008 Moody’s has given the Isle of Man a ‘AAA’ rating, the highest rating that it awards, while Standard and Poor’s currently rates the Isle of Man as ‘AA+’. Independent verification of the Island’s international standing has been evidenced in recent years by the Isle of Man winning the ‘Best International Financial Centre’ Award at the 2008 & 2009 Annual International Investment Fund & Product Awards, which means the Isle of Man has held this coveted position for eight of the twelve years it has been awarded.
Meanwhile, in its review of adherence to international standards, the Financial Stability Board placed the Isle of Man in the highest category of co-operative jurisdictions.
2015: Awards Announcement
The Isle of Man named as Best International Finance Centre
National Income Report 2012/13
Financial Services Partnership Briefing Note
Taken from Inspired 2012 – the official publication of the Isle of Man Government Department of Economic Development
The Isle of Man – the niche market expert
To read about how the OECD has put the isle of Man in the top 12 click below:
OECD puts Isle of Man in top 12 – Isle of Man Examiner – November 19th 2012
To read about how the Isle of Man leads the way in international standards of best practice, according to the OECD click below:
To read the Ernst & Young Isle of Man Economic Research Report May 2012 click below:
To read about The Isle of Man receiving the seal of approval from the Financial Stability Board click below:
To read the OECD 2011 Tax Transparency Report click below:
To read the IMF Financial Sector Assessment programme report on the Isle of Man click below: