Latest figures show there are currently 15 retail businesses on Island recording a minimum of £500,000 profit each year.
Last year this amounted to £2.2m in tax revenue collected on Island.
Back in 2013, then Treasury Minister Eddie Teare forecast this should be generating £3.5m per year.
Responding to a question in the House of Keys yesterday, current Treasury Minister Dr Alex Allinson highlighted how the numbers of businesses in this tax bracket is growing year on year:
Chief Minister says details on cost-savings to come in April
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DoI says it would protect bus services during strike
The Department of Infrastructure will try to protect services in the event of a bus strike, according to minister Michelle Haywood.
Peel bids farewell to lifeboat of over 30 years
Peel's bid a fond farewell to a lifeboat which served the town for nearly three decades.
Fire & Rescue Service deals with 11 incidents in one day
The Island's Fire and Rescue service dealt with a total of 11 incidents across the Island yesterday, Tuesday, December 16.
Avoid Fairy Bridge after crash, say police
Police say you should consider taking a different route home after a crash on the New Castletown Road.
Man can sue DHSC over respite care PTSD allegations
A man with cerebral palsy can sue the Department of Health and Social Care over claims ill-treatment in care gave him PTSD.
More EV chargers at Sea Terminal?
The Sea Terminal in Douglas could get getting new charging points for electric vehicles - if planners give new proposals the green light.
Company warns over fake delivery emails
Don't fall for a delivery scam doing the rounds on the Island.
