Isle Of Man News
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The U.K. signed agreements with territories including Anguilla, Bermuda and the British Virgin Islands in the latest effort to fight tax evasion as the government struggles to contain its borrowing.
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Chancellor of the Exchequer George Osborne said Britain’s tax authorities have increased the amount of money collected from wealthy individuals by 10 percent.
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The U.K. government gave individuals evading tax through the Isle of Man, Guernsey and Jersey three years to pay up or face prosecution.
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The U.K. is helping to protect “money-laundering paradises” such as the Cayman Islands by failing to properly exercise its legal authority, Austrian Finance Minister Maria Fekter said.
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The Isle of Man, a self-governing British Crown dependency in the Irish Sea, has been approached to host a trial gas production and carbon-capture project as the island seeks to become a hub for exports of renewable energy.
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PokerStars, the world’s largest online poker site, is opening card rooms in casinos to promote its brand, even as land-based operators in the U.S. try to thwart its expansion on their turf.
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The U.S. casino industry is opposing an effort by PokerStars, the biggest Internet gambling company, to buy an Atlantic City property as New Jersey prepares for online betting.
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Poland’s path to energy independence through shale gas is being delayed by skylarks, red kites and local farmers hesitant to grant access to their land.
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A former executive at expert- networking firm Primary Global Research LLC, James Fleishman, was found guilty of helping pass confidential information to fund managers as part of an insider-trading scheme.
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A Maryland public pension fund was named lead plaintiff in a consolidated shareholder lawsuit against Toyota Motor Corp. accusing the carmaker of failing to disclose defects related to sudden-acceleration of its vehicles.
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