Talks held on future of 'zero-ten'

Government officials are discussing the future of the 'zero-ten' tax regime with representatives of the Island's finance sector.

The Isle of Man's system has been in place since 2007 and, to date, has been accepted by the European Union.

However, the versions operating in the Channel Islands have come under fire, and the whole concept of companies paying no tax is back in the spotlight.

Speaking to the Junior Chamber of Commerce last night, Chief Minister Tony Brown said the way ahead needed to be closely examined, including the idea of withdrawing 'zero-ten':