US president wants to stop businesses shifting profits overseas
'Time will tell' whether US President Joe Biden's plans to encourage a worldwide minimum business tax rate will impact on the Isle of Man.
That's according to former tax advisor Phil Dearden, who says it's likely the proposals will be 'watered down' following negotiations.
He says the President's aim is to stop multinational corporations shifting profits overseas:
Rapid bed review finds 'deep rooted behavioural and cultural issues' at Noble's Hospital
Advises against increasing capacity 'without root-cause improvements'
'Iconic' 250-year-old Ballaugh elm trees felled due to disease
Commissioner's Chair Steve Curphey says residents have 'fond memories' of the trees
Report published following rapid review of bed capacity at Noble’s Hospital
Nine recommendations made by independent reviewer
'Big discussions' to be had over whether Isle of Man follows UK-style social media ban
Sir Keir Starmer announces 2027 ban for apps like Snapchat and TikTok