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28 July 2005 / Mike Truman
Issue: 4018 / Categories: Comment & Analysis
MIKE TRUMAN looks at the Isle of Man as a destination for individuals leaving the UK's tax net.

TAX HAVEN NO. 'International financial centre' is now the preferred description for the Isle of Man. A quick look at the wide range of banks and insurance companies on the island together with those offering trust services will show why the claim is well-founded. Investor protection is taken very seriously; the Financial Services Commission applies comprehensive anti-money-laundering provisions and powers to regulate trust and company providers are in place.
If you are interested in running an offshore company from the Isle of Man the other article in this special report from Wyn Hughes and Andy Maxfield of Grant Thornton explains the advantages. But what if you are looking for somewhere to make your home either temporarily or permanently; where you won't have to pay two-fifths of your income or gains in tax to the government; where you don't have to learn...

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