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IoM to 'engage closely with partners' following G7 tax deal


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.  ....

Alfred Cannan , Organisation For Economic , Inclusive Framework On Base Erosion , Man Government , Minister Alfred Cannan , Economic Co Operation , Base Erosion , Profit Shifting , ஆல்ஃபிரட் கண்ணன் , ஆர்கநைஸேஶந் க்கு பொருளாதார , உள்ளடக்கியது கட்டமைப்பு ஆன் அடித்தளம் அரிப்பு , மனிதன் அரசு , அமைச்சர் ஆல்ஃபிரட் கண்ணன் , பொருளாதார இணை செயல்பாடு , அடித்தளம் அரிப்பு , ப்ராஃபிட் மாற்றும் ,

Tynwald to be asked to approve £400m government debt issue


BBC News
Published
image captionThe money would be paid back over a period of up to 40 years
The Isle of Man s parliament is to be asked to support £400m of government borrowing.
The money would be used to cover loan refinancing for Manx Utilities (MU) and the Isle of Man Steam Packet Company, buy a new ferry, and fund future government infrastructure projects.
It would be repaid over a period of up to 40 years.
Treasury Minister Alfred Cannan said the funds would strengthen the island s war chest .
The cost of Covid-19 to the public purse is expected to be between £200m and £250m. ....

Alfred Cannan , Man Steam Packet Company , Manx Utilities , Minister Alfred Cannan , Steam Packet , ஆல்ஃபிரட் கண்ணன் , மனிதன் நீராவி ப்யாகெட் நிறுவனம் , மேங்க்ஸ் பயன்பாடுகள் , அமைச்சர் ஆல்ஃபிரட் கண்ணன் , நீராவி ப்யாகெட் ,

Gov't needs to address care home costs 'ASAP' says MHK


Gov t needs to address care home costs ASAP says MHK
Rising care home costs need to be addressed by government as soon as possible .
That s from Onchan MHK Julie Edge who raised the issue in the House of Keys yesterday.
Treasury says the situation will be reviewed as part of a wider consultation on care.
However Ms Edge says it requires a certain amount of urgency:
 
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Alfred Cannan , Minister Alfred Cannan , ஆல்ஃபிரட் கண்ணன் , அமைச்சர் ஆல்ஃபிரட் கண்ணன் ,