The
Isle of Man signed a Tax Information Exchange Agreement (TIEA) with
Botswana on June 14, 2013.
This
is the Isle of Man’s 28th TIEA and its 38th agreement that meets
the OECD international standard on tax co-operation and transparency.
The
TIEA was signed by Botswana’s High Commissioner to the United
Kingdom, Roy W Blackbeard, and by Manx Treasury Minister, Eddie
Teare, at a ceremony held in London on June 14, 2013.
Minister
Teare said, “The signing of this agreement is an important step in
building closer relations between Botswana and the Isle of Man.
Botswana is a Member of the Southern African Development Community
(SADC), and this agreement is the first TIEA between the Isle of Man
and a SADC country. The Isle of Man is negotiating TIEAs with six
other SADC countries, and through these agreements the Island
continues to support the OECD’s Global Forum commitment to sharing
expertise and best practice on tax transparency and information
exchange with developing nations.”
Last
month the Isle of Man Finance Ministry confirmed that its Tax
Information Exchange Agreement (TIEA) with Argentina had entered into
force.
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