Island recieves EU blacklist threat

The Chief Minister says government will respond to a letter from the EU threatening to include the Island on a blacklist of tax havens.

The Isle of Man is one of 92 countries the letter has been sent to - it threatens further action unless jurisdictions cooperate.

It's after an investigation by the European Commission last year - other countries on the list include the USA, Canada, Jersey and Guernsey.

However Howard Quayle says he's confident we're not a tax haven and we won't be on the final list: