As the global financial services industry continues to modernise, offshore jurisdictions have to keep...
As the global financial services industry continues to modernise, offshore jurisdictions have to keep up with their onshore counterparts. These low-tax areas have precipitated intense tax competition that has seen the tax difference between onshore and offshore become substantially smaller. This has left good corporate service provision an increasingly important part of any offshore jurisdiction's sales story. The Isle of Man is a case in point. The light population allows room for expansion in the corporate services sector, while taxation is kept as modest as the public demands of the isl...
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