Tax bill reduction for those who invest

Monday, 21 December 2015 00:00

Investors in entrepreneurial ventures could soon see a reduction in their tax bill - and that includes government.

The Chief Minister has announced the launch of a public consultation by Treasury on a package of initiatives to grant tax relief to investors.

It follows the announcement that the Department of Economic Development will take equity shares in successful applicants to the £50 million Enterprise Development Scheme.

Allan Bell says it'll help boost private sector productivity without crippling the 2016 Budget:

More from Isle of Man News

DEFA releases figures on leased land

The Department of Environment, Food and Agriculture has revealed the amount of land it rents out to others.
MNH invites bids to run popular cafe

Manx National Heritage is looking for people to run an iconic café at a beauty spot in the West of the Island.
Fury finally confirms venue for Joshua fight

The venue for Tyson Fury's much-anticipated fight with Anthony Joshua has finally been announced as New York City.
Quayside road closure extended in Peel

An emergency road closure in the west of the Island has been extended as Manx Utilities carries out work.
Mars needs MHKs, says space society

A Island science organisation is calling on general election candidates to back space exploration.
Historic replica ship arrives in Douglas

A replica of one of the world's most historic ships has arrived in Douglas and is open to the public.
Vandals were flung poo fighting in Jurby

Jurby commissioners are hunting those behind anti-social behaviour that saw dog mess thrown about.
Don't give seals raw deals, says Wildlife Trust

The Manx Wildlife Trust is asking people to take extra care as baby seals start making an appearance around the Island's coast.

Tax bill reduction for those who invest

More from Isle of Man News

Comments