Tax Research org.uk has published here a comprehensive piece of research into 60 international financial jurisdictions which exposes them as secret tax havens. The Isle of Man is one of them.
The evidence [pdf file here] shows that: "the Isle of Man is a long way from offering financial transparency. If it is to play a full part in the modern financial community and wishes to impede and deter illicit financial flows, including flows originating from tax evasion, aggressive tax avoidance practices, corrupt practices and criminal activities it should take action on the points noted where it falls short of acceptable international standards"
All the government's propaganda efforts & waste of public money to hoodwink the world into believeing that it is transparent & squeaky clean has come to naught.
Pandora's Box has been well & truly opened on the Isle of Man - & there's more to come. Watch this space. In the meantime don't bank on the Isle of Man to be anything but economical with the truth when it claims that it is not a secrecy jurisdiciton.