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:
Woman releases fundraising poetry book
A book of poetry has been published by a local author in aid of cancer charities.
Castletown hosts tin bath racing
There'll be road closures in central Castletown today as the World Tin Bath Championships get underway.
Mountain Road closed for skateboarding today
The northern end of the Mountain Road will be shut for much of today.
Peel ready for huge community sale later
Peel will host the Island's biggest jumble sale today.
Cruise ship makes first stop of week
A cruise ship is making the first of three visits to the Isle of Man in a week this morning.
Tin bath races mean bus diversions tomorrow
Bus Vannin's warning of some disruption in the south of the Island tomorrow as an iconic Manx sporting event gets underway.
MHK wants backing for changes to Tynwald members' pay
Do pay structures for Tynwald members need looking at again?
Storage firm announces closure
A storage business in Crosby says it's shutting its doors later this month.
