Executive Summary:The Isle of Man forms part of the EU single market and VAT area but is otherwise not part of the EU fiscal area. There is an infrastructure of sophisticated legal and other professional services together with a Financial Supervision Commission that has a great deal of experience in overseeing and regulating sensitive financial areas.
Corporate income tax only applies to financial institutions. There is no capital transfer tax, surtax, corporation tax, wealth tax, death duty, capital gains tax or gift tax. VAT is collected at the UK rates.The Isle of Man has strong banking, investment fund and captive...