IoM to engage closely with partners following G7 tax deal Finance ministers agree global minimum corporation tax rate of 15%
The Isle of Man government says it will engage closely with partners following a meeting between G7 finance ministers, agreeing a global minimum corporation tax rate.
The new rules aim to close loopholes which let technology giants avoid taxes.
The deal agreed in principle that multinational companies pay a minimum rate of at least 15 per cent in each country they operate.
The move has been acknowledged by the Isle of Man Government, however it puts a question mark over the future of the Island s long-standing zero-ten tax regime.
Parents invited to apply for pre-school credit
Fri, 04 Jun 2021
Parents of children who turn four in the next school year can apply for £3,420 to help with their education through the pre-school credit scheme. The credit can be spent with registered providers who offer pre-school places, including childminders, and a full list of these is available on Gov.im. To qualify children must turn four between 1 September 2021 and 31 August 2022. Dr Alex Allinson MHK, Minister for Education, Sport and Culture, said: ‘The scheme is one of the many ways the Isle of Man Government is helping working families and this year the scheme helped 753 households to access a pre-school place.’
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Tynwald, the oldest continuous parliament in the world, is setting up an office of Auditor General to audit the Isle of Man Government and conduct value for money inspections.
Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, Maritime Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.
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