

The Isle of Man's national taxation strategy incorporates a number of measures, the most significant being a move to a standard zero rate of corporate tax with effect from 6th April 2006, with the exception of a small number of companies that will be taxed on certain income sources at a rate of 10%, principally those holding a banking licence.
This zero rate was for the most part implemented ahead of this date for e-gaming, tourist accommodation, film and television production, agricultural activities, fishing, manufacturing, insurance, shipping, fund management and aircraft operation, reflecting the Island's 'can do' approach.
These measures complement a commitment to low personal taxation and the annoucement in the February 2006 budget of the introduction of a personal tax cap of £100,000.
This combined with no capital gains, inheritance or wealth taxes, means the Isle of Man is the ideal location for a tax neutral platform for you and your business.
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