Latest News Headlines
On-Air Now
Listen Live
Facebook

EU found abolished tax measure harmful

Thu, 24 Feb 2011


The EU's tax watchdog has confirmed it found part of the Island's business tax system harmful.

 

The Code of Conduct on Business Taxation Group met last week, and has indicated that it wasn't happy with the Attribution Regime for Individuals.

 

Treasury Minister Anne Craine removed the regime during last week's budget, having been aware that the anti-avoidance measure was under scrutiny.

 

It's now believed the EU has no reason to be concerned by the zero-10 business tax system on the Island.

 

The Treasury says it's not in the Island's interests to have a tax system which causes difficulties within the EU.

 

 


Bookmark and Share

 

 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed