Search

The Isle of Man's Agreement for the Exchange of Information Relating to Tax Matters with the Government of the Italian Republic entered into force on 10 June 2015. The agreement [...]

The Isle of Man Government has today set a new standard in tax transparency by agreeing the main details of an automatic information exchange package with the UK. The measures [...]

In addition to the obvious benefits of the Isle of Man's stable political and economic environment the benefits of the Isle of Man as a jurisdiction for ship registry are [...]

The Isle of Man is one of the premier locations for regulated online gambling in the world and Simcocks has developed specialist competencies to keep pace with this vibrant and [...]

The Isle of Man's agreement with France for the avoidance of double taxation with respect to enterprises operating ships or aircraft in international traffic entered into force on 14 January [...]

Canada's Tax Information Exchange Agreement (TIEA) with the Isle of Man entered into force on 19 December 2011. The agreement had been signed in January of this year, and the [...]

China's Tax Information Exchange Agreement (TIEA) with the Isle of Man went into full effect 14 August 2011. The agreement had been signed in October of last year, and the [...]

'The Isle of Man's economy remains in good shape despite hard buffeting from the turmoil in the international markets.' This was the key message from Treasury Minister Allan Bell: 'The [...]

The Isle of Man is now leading the way in providing tax efficient pension schemes for overseas workers and expatriates with deferred UK pensions. Prior to UK A-Day (April 2006 [...]

The Isle of Man presents a compelling proposition for ultra high net-worth individuals. It has no capital gains or inheritance tax and has no intention of introducing them. The Island [...]

Multi-million pound businesses in the Isle of Man - including branches of leading high street and private banks - could in future benefit from a proposed new tax cap on [...]

In the February budget, Treasury Minister Allan Bell MHK introduced a much talked about personal income tax cap of £100,000 which is designed to attract entrepreneurial investment and stimulate economic [...]

Mar 21, 2005 (International Tax Review - ABIX via COMTEX) The Isle of Man plans to introduce a zero corporate income tax in April 2005. The island's budget for 2005, [...]

Mar 02, 2005 (Tax Notes International - ABIX via COMTEX) The Isle of Man's zero tax rate will be extended to six more industries from 6 April 2005. The 2005 [...]

The Isle of Man has traditionally been seen as a tax haven, but it now prefers to be called an international financial centre. Many tax rates are still low there, while some taxes which are commonly levied in other countries do not exist at all. Businesses are offered a range of tax incentives, and this in turn has boosted the island's economic growth considerably.

A future Labour government in the UK may turn its attention to the special tax status of the Isle of Man. The UK is losing out of large sums of money in tax as companies relocate to the Isle of Man, situated only 16 miles west of the Scottish coast, according to Labour front-bencher George Foulkes, a view which is believed to be shared by shadow chancellor Gordon Brown. However, some observers feel that banning UK companies from operating on the Isle of Man would simply force them to move to more remote tax havens abroad, thus losing even more money for the UK treasury.