Isle of Man no longer tax haven after Treasury deal

This comes after a bilateral agreement was struck between the Treasury and Manx authorities, which will see an automatic exchange of information on people who have bank accounts on the island. It is anticipated that the deal could boost the UK's coffers by hundreds of millions of pounds. Stephen Barratt, private client director at accountants James Cowper, said: "We are seeing that the government is becoming increasingly proactive in its drive to root out tax evaders. "This is the first Crown dependency to aid the clamp down on people avoiding their taxes and it puts pressure on ot...