Consultation launched to shape future of Island's tax strategy

Tue, 07 Aug 2012

The Isle of Man Treasury has issued a major consultation document which will shape government’s future Corporate and Income Tax Strategy.

The consultation asks a variety of questions ranging from matters relating to the income tax system for individuals to the Island’s popular zero ten systems.

Treasury Minister Eddie Teare has previously said above all else he wants to protect zero ten, saying its removal could be seriously detrimental to the Island’s business sector.

Gerard Higgins, Policy and Business Group Manager for the Income Tax Division, explained what the consultation entails:

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