IoMG won't/can't request a loan from UK Govt

Posted 28/03/2009 - 12:45 by Anonymous

Could this be a reason why IoMG won't/can't ask HMG for a loan?

"The government of Antigua has begun criminal inquiries into large payments discovered in Isle of Man bank accounts controlled by Antiguan politicians.

Disclosure of these Caribbean corruption inquiries comes at an unwelcome time for the Isle of Man, described by the chancellor, Alastair Darling, as "a tax haven sitting in the Irish Sea".

The island is under review by the UK government, which subsidises its low-tax regime. "

NB Last sentence "which subsidises its low-tax regime"

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