Chief Minister says EU tax commitments had to be made

CG raise concerns over lack of 'legal substance'

The Chief Minister says the Manx government had to make commitments to the European Union last year, or face being placed on a tax 'blacklist'.

Speaking in the House of Keys this week (24 April), Mr Quayle revealed the EU Code of Conduct Group had raised concerns about the lack of 'legal substance requirements' for all those doing business in the Isle of Man.

The Chief Minister said teams are now working with the EU to comply with, but also understand exactly what is required, as the issue has not been raised before.

Responding to questions from South Douglas MHK Kate Beecroft in the Keys, Mr Quayle said he had to agree to work with the EU: