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| The Isle of Man To Zero Percent Corporate Tax in 2006 The Isle of Man, located in the British Isles and internationally recognized for its pro-business environment, will be introducing zero rate corporate tax with effect from April 2006. After this date, all trading companies will qualify for the zero rate of corporation tax. Recognized for its pro-business environment and responsive government policies, the Isle of Man has become the home to a flourishing interactive entertainment and technology industry. Many companies are establishing operations in the Isle of Man to access the UK and European Union markets. To assist in this process, the Isle of Man Government provides generous grant packages of up to 40% to help offset the cost of moving, setting up operations and acquiring new office equipment. Scheduled to take effect in April 2006, the zero corporate tax initiative is part of the government's strategy in expanding the Island's technology community and enhancing its reputation as a AAA rated jurisdiction. This combines world-class standards of regulation, transparency and infrastructure with extremely beneficial rates of direct taxation. In addition to progressive government policy, more than $90 million has been invested in the Island's telecommunications infrastructure over the past five years. The Isle of Man is leading Europe with innovative technology investments which include implementation of this Super Fast (HSDPA) 3.5G network, two self healing (SDH) fiber rings connecting the Isle of Man to both the UK and Ireland, 100 percent broadband coverage, and free ADSL and ISDN connections available for businesses and individuals. write your comments about the article :: © 2005 Game News :: home page |