Scrapping a cap on income tax for the Island's richest people wouldn't raise more money, according to Treasury Minister Alex Allinson.
In the House of Keys this week he was asked when he planned to review the tax cap by East Douglas MHK Joney Faragher.
Dr Allinson said the cap currently stands at £200,000 for individuals and £400,000 for a couple for five or 10 years.
And he said changing that might mean the Island is less competitive when it comes to attracting wealthy people:
'Once-in-a-generation’ estate hits the market for a £16.5 million
A property described as a 'once-in-a-generation' estate on the Isle of Man has been put up for sale.
Event to celebrate women in farming
The Department for Environment, Food and Agriculture is inviting people to an event celebrating women in farming.
Engineers confirm source of gas smell in Ramsey
Reports of a gas smell in Ramsey yesterday prompted engineers to carry out emergency works.
MHK questions if Island phones will get national warning alert
Will Island residents receive a test national warning alarm on their phones?
Trainee officers take on 40 mile kayak mission
Student constables will tackle a 40-mile kayak challenge this weekend for charity.
Join the RNLI team and help keep our waters safe
Ever wanted to join the RNLI? Well now's your chance!
Ramsey fireworks cancelled
A planned fireworks display in the north of the Island has been cancelled this weekend due to bad weather.
Plans to promote Manx goods to be scrutinised by MHKs
Efforts to promote Manx produce will come under scrutiny next week in the House of Keys.
