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:
Hackers target Bride Commissioners
Someone tried to hack into emails at Bride commissioners following a row over waste disposal.
Marshals video shows bikes arriving
Drone footage shot by marshals shows bikers flocking to the Island from the ferry.
Barbecues banned at TT spectator points
The government's banning barbecues, fires and stoves at spectator points around the TT course to prevent wildfires.
Speed warning issued by police
Police have issued a warning over TT speeding after stopping more than a dozen drivers yesterday.
TT funfair reaches Douglas
The TT funfair has arrived!
Double win for Yeardsley at pre-TT Classic
Island racer Joe Yeardsley had a double celebration this weekend.
Four-hour delay to start of TT2024!
There's a four-hour delay to TT 2024 action today because of weather.
Lifeboat crew help drifting yacht
Douglas lifeboat went to the rescue of a drifting yacht yesterday.
