The Isle of Man is a self-governing crown dependency in the Irish Sea between England and Northern Ireland. The head of state is King Charles III, who holds the title of Lord of Mann. The Lord of Mann is represented by a lieutenant governor. Foreign relations and defence are the responsibility of the British Government.
The Isle of Man is a low-tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax[1] and a top rate of income tax of 20%.[2] The rate of corporation tax is 0% for almost all types of income; the only exceptions are that the profits of banks are taxed at 10%, as is rental (or other) income from land and buildings situated on the Isle of Man.[3][4]
Offshore banking, manufacturing, and tourism form key sectors of the economy. Agriculture and fishing, once the mainstays of the economy, now make declining contributions to the island's Gross Domestic Product (GDP).
^"Financial Services Sector - Isle of Man. Where You Can". gov.im. Archived from the original on 19 April 2012. Retrieved 28 February 2015.
^"Interview With Brian Donegan, Director Of Foreign Investment, Isle Of Man Government". OnlinePersonalsWatch. Retrieved 4 April 2013.
^New Assessor of Income Tax – Isle of Man Government Archived 2007-09-30 at the Wayback Machine
^Forget Monaco: Isle of Man cuts tax to tempt super-rich – Tax, Money – Independent.co.uk Archived 2007-05-10 at the Wayback Machine
and 21 Related for: List of companies of the Isle of Man information
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