IoM to introduce 0% corporate tax to attract wealthy to invest and live on the island
The Isle of Man Government will target the high net worth (HNW) market as it looks to further develop its economy. Hon Alan Bell, treasury minister in the Isle of Man government, said following several years of unprecedented growth, the government would now target HNW individuals to not only invest but to also live on the island. He said: "We have been thinking about this market for some time as the next logical step in developing our economy. Over the past 10 years, our economic growth has averaged 7.6% in real terms year-on-year. This year it is running at 6.3%, some three times highe...
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