The government says it's bringing in a new profit tax for multinational companies operating on the Island.
From January 1 next year, it'll introduce the Qualified Domestic Minimum Top-Up Tax.
Any company turning over more than 750 million euros will pay a minimum of 15 per cent on profits they generate on the Island.
Treasury Minister Alex Allinson says there are few multinational firms of this scale on the Island, and he's hoping to bring the new laws before Tynwald in the Autumn.
Winners of Innovation Challenge 2024 present cutting-edge solutions
13 businesses from across the globe faced their industry peers last week presenting cutting-edge solutions at the Innovation Challenge Finale event.
Government appoints new tourism marketing director
Government tourism agency Visit Isle of Man has a new director.
Card shop competing against big names in retail awards
A card shop in the South is up for a national retail award.
Innovation challenge final today
Finalists in an innovation challenge are gathering at the Comis Hotel today as the event reaches its finale.
Jet Centre reopens under new management
The airport's jet centre has reopened under new management.
Manx company wins battle to pay less VAT in Camden
A Manx company that rents out apartments in Camden in London has won a battle to pay reduced VAT.
Investment scam advice offered in light of 'significant' losses
The government's cybersecurity office says people on the Island have lost 'significant' amounts to an investment scam in the last week.
First young professionals Connections Event this week
A series of networking events for young professionals has been launched by the government.
