Whereas the Kingdom of the Netherlands and the Isle of Man (‘‘the Parties’’) recognise that present legislation already provides for cooperation and the exchange of information in criminal tax matters;
Whereas the Parties have long been active in international efforts in the fight against financial and other crimes, including the targeting of terrorist financing;
Whereas it is acknowledged that Isle of Man has the right, acting within the area of its domestic competence, to negotiate and conclude a tax information exchange agreement with the Kingdom of the Netherlands;
Whereas the Isle of Man on the 13th December 2000 entered into a political commitment to the OECD’s principles of effective exchange of information and actively participated in the drafting of the OECD Model Agreement on Exchange of Information in Tax Matters;
Whereas the Parties wish to enhance and facilitate the terms and conditions governing the exchange of information relating to taxes:
Now, therefore, the Parties have agreed to conclude the following Agreement which contains obligations on the part of the Parties only:
