Agreement in Principle on the Tax Agreement centred on the Exchange of Information between the Government of Japan and the Government of the Isle of Man
March 18, 2011
- The Government of Japan and the Government of the Isle of Man, a British Crown Dependency, as the result of the intergovernmental negotiations, have agreed in principle on an Agreement on the exchange of information relating to tax matters.
- The Government of Japan welcomes this agreement in principle which demonstrates the Isle of Man’s commitments to preventing international fiscal evasion and tax abuse, the importance of which has been reiterated in a series of international conferences, because the Agreement to be concluded provides for the effective exchange of information regarding tax matters in accordance with the international standard.
- The Government of Japan is determined to contribute to the strengthening of the information exchange network aimed at the prevention of international fiscal evasion and tax abuse by concluding this Agreement as early as possible.
- This Agreement will be signed after the work for the finalization of the text and the procedures within the both Governments, and enter into force, after the completion of the respective domestic procedures for the conclusion of the Agreement.
- (*This is a provisional translation. The above date denotes the date of the issue of the original press release in Japanese.)
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