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MHK angers Tynwald after querying crowdfunding implications

Peter Karran MHK

Crowdfunding on the Isle of Man could result in "tax leakage" if new legislation isn't put in place. 

The venture - which sees money raised from a large number of people - is becoming a popular financing method for new projects and businesses. 
 
Onchan MHK Peter Karran is concerned about tax implications and, despite the fact the issue has gone out to consultation, wants answers from the Treasury Minister now: 
 
 
He raised the issue this week but seemingly annoyed Tynwald when he was told by the President a supplementary question he posed had already been answered: 
 

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