The BBC is suggesting that the Isle of Man passed a law to help tax evaders.

The broadcaster’s website says:

’Lawyers promoting a scheme allowing Swiss bank clients to hide their cash offered to help the authorities amend rules in November 2004.’

But the very next line says:

’The law was changed seven months later, amid an EU clampdown on tax dodging.’

The Isle of Man is under the spotlight after the publication of the Paradise Papers, an investigation by journalists into low tax jurisdictions.

It is expected to feature heavily in tonight’s 9pm Panorama on BBC1.

The BBC’s website report continues:

’BBC Panorama has spoken to the man behind the scheme who claims an Isle of Man regulator was aware the new law would help tax evaders.

’Mark Morris, a tax adviser and leading expert on tax loopholes, told the programme regulators in offshore territories used to regularly help financial institutions in this way.

’"I think in those times, it was wrong, and there were regulators helping financial institutions," he said.

’"But today, this would never be allowed."’http://www.bbc.co.uk/news/world-europe-41888613