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Consultation document to shape Corporate and Income Tax strategy

The Isle of Man Treasury have issued a major consultation document which will shape Government’s future Corporate and Income Tax Strategy.

The consultation asks a variety of questions ranging from matters relating to the income tax system for individuals to the Island’s popular zero ten systems.

Treasury Minister Eddie Teare has previously said above all else he wants to protect zero ten, saying its removal could be seriously detrimental to the Island’s business sector.

Gerard Higgins, Policy and Business Group Manager for the Income Tax Division gave us a clearer idea of what the consultation entails.

(AUDIO ABOVE)

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