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Treasury Minister speaks of importance of zero ten tax

Treasury Minister Eddie Teare has spoken to 3FM about the implications a destabilised zero ten tax regime could have on the Isle of Man.

The zero ten corporate tax system is an extremely attractive prospect for financial establishments and seen as the major draw for businesses when opting to move over here.

The Minister was speaking about the issue as he appealed to the public to get involved in a consultation document that will shape future changes to the Island’s tax system.

The loss of zero ten could have very serious and negative knock ons for the Island, as we found out when we spoke to the Ayre MHK.


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