|
Isle of Man signs comprehensive Double Taxation Agreement with Estonia 8 May 2009 Signing a new double taxation agreement with Estonia, a European Union member state, further builds the Isle of Man’s strength as an international business centre. The Isle of Man today signs a comprehensive double taxation agreement (DTA) with Estonia. A DTA is the benchmark agreement between countries to remove double taxation obstacles to the development of economic relations, and so facilitates the exchange of goods and services and movements of capital, technology and people. The signing ceremony takes place today (8 May 2009) in Tallinn between Allan Bell MHK, the Isle of Man’s Treasury Minister, and Urmas Paet, Minister of Foreign Affairs of the Republic of Estonia. The agreement between the two governments is based on the model published by the Organisation for Economic Co-operation and Development (OECD). In addition to this agreement signalling that the Isle of Man and Estonia wish to develop their bilateral economic relations, the DTA will also act to prevent tax evasion, and delivers the OECD’s agreed international standard on tax transparency and exchange of information. The full text of the news release issued today can be viewed here and the double taxation agreement is available here. More stories >>>
|
