Tax strategies

We knew this year's budget would be scrutinised more than ever before, especially by other international finance centres. When the Treasury minister, Allan Bell, took to his feet on 18 February, he had to demonstrate a continuing commitment to the implementation of the Isle of Man's low taxation strategy, at the same time as presenting a budget with provision for increased public service spending and support for people on low incomes. Bell did not simply demonstrate a notional commitment; he put in place tangible measures to reduce the island's income tax burden. And at the same time he...