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Proposals For The Manx Taxation Strategy 12 May 2008 In November 2007 the Income Tax Division, on behalf of Treasury, published 'Proposals for the Manx Taxation Strategy for the Period 2007-2012'. The proposals set out Treasury's intentions in respect of the taxation system, aimed at: 1. continuing to simplify the Island’s income tax system; 2. focusing on individual taxation and encouraging savings and investment through products provided on the Island; 3. continuing to build the Isle of Man’s international reputation; 4. encouraging economic growth; and 5. improving tax compliance on the Island. The Income Tax Division is interested in hearing feedback or comments from any people or groups regarding the proposals contained within the document. We would also like to hear your thoughts or opinions regarding any additional information you would like to see included in the document. It is planned that a detailed taxation strategy will be submitted to Tynwald in Autumn 2008. If you would like to contact the Division, please: • Phone – General Enquiries Section on 685400 • Write to – Claire Terry, Income Tax Division, Government Office, Buck’s Road, Douglas, IM1 3TX • Email – consultation@itd.treasury.gov.im Malcolm Couch Assessor of Income Tax More stories >>>
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