Posted inNews

Local businesses join call for fairer aircraft passenger duty for Isle of Man

Local businesses are joining the call for the Isle of Man Government to lower aircraft passenger duty in line with the reductions announced across this week. In Wednesday’s United Kingdom’s Autumn Budget and Spending Review 2021 by UK Chancellor Rishi Sunak, the UK Government announced that flights between airports in England, Scotland, Wales and Northern […]

Posted inNews

Isle of Man Government must match UK’s aircraft passenger duty cut to ensure IOM is not left behind

The Isle of Man Government should take immediate action to ensure that travellers to and from the Isle of Man do not lose out on the UK Government’s tax cut for flights between England, Scotland, Wales and Northern Ireland according to the Manx TaxPayers’ Alliance. “If no action is taken, travellers to and from the […]

Posted inNews

World Bank research finds foreign aid ends up in offshore financial centres

A new policy research working paper published by the World Bank finds that offshore financial centres benefit perversely from aid disbursements to highly aid-dependent countries. The paper finds that foreign “aid payments coincide with sharp increases in bank deposits in offshore financial centers known for bank secrecy and private wealth management, but not in other […]

Exit mobile version