Global tax compliance 'always a challenge'

Isle of Man must balance international obligations with local needs, says Ashford

Treasury Minister David Ashford says complying with international tax laws will always be a challenge.

Following proposals by the OECD to introduce a global minimum rate of 15% for large multinational companies, Mr Ashford says it's important to balance international compliance with local needs.

Work is ongoing to determine what the Isle of Man needs to do to comply with the changes.