Agreement to impose profit tax rumoured to be in pipeline
The Isle of Man Government needs to have a plan if a global tax deal is brought in to stop companies shifting profits to low-tax jurisdictions.
A new agreement – to impose a minimum tax on profit – could be given the go ahead before this month's G7 summit:
It's led to speculation that places like the Isle of Man could become less attractive as a destination for businesses.
Local tax expert Paul Hotchkiss says he thinks people are 'scared' about talking about tax but insists the conversation needs to happen:
SPC says project to replace Manannan ongoing despite claims from minister it's 'on pause'
Trial Deemster would likely have been replaced
Replica Christopher Columbus ship extends stay in capital
Local golf club celebrating 30 years of ladies section