The Treasury minister says the Manx government deemed it unnecessary to officially respond to the Labour leader's remarks about offshore jurisdictions.
In the House of Keys today, Michael MHK Alf Cannan asked Eddie Teare why there was no formal press release from the Manx government in the wake of Ed Miliband's comments.
Others, such as Jersey and Bermuda, moved swiftly to rebut what he said.
Mr Teare today claimed it was best to not respond like that in this instance:Clip 1
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