Comment Re:Tax Havens before USA/China/Russia? (Score 1) 95
Ah, the old 'tax haven' meme. The Isle of Man may have a lower tax regime than your locality, but according to the OECD (amongst others) it actually it is one of the most well regulated financial jurisdictions in the world, and it has tax transparency agreements with virtually all the mainstream (and a lot of less mainstream) countries too. And certainly better than that dirty little secret : the 'corporate and tax haven' that is Delaware. (Have you any idea just how easy it is to create a blind trust in Delaware, or any other type of misty corporate structure?)
The US, UK and most other large nations should look very carefully into their own tax regimes before criticising the openess and transparency of the Isle of Man.
(obviously, I live on the IOM, otherwise I a) wouldn't be so annoyed about the 'tax haven' meme, and b) would be barely aware that the place exists!)
Also: http://www.youtube.com/watch?v=Z-7n1DcFBOE - the Colbert report on the day when it was revealed that the IOM has a better international credit rating than the USA!