The government says it's bringing in a new profit tax for multinational companies operating on the Island.
From January 1 next year, it'll introduce the Qualified Domestic Minimum Top-Up Tax.
Any company turning over more than 750 million euros will pay a minimum of 15 per cent on profits they generate on the Island.
Treasury Minister Alex Allinson says there are few multinational firms of this scale on the Island, and he's hoping to bring the new laws before Tynwald in the Autumn.
Firms fined over income tax and national insurance crimes
Eight businesses have been handed more than £10,000 worth of fines by a tax court.
Regulator imposes £1 million penalty on egaming company
An egaming operator has been hit with a £1 million penalty by the Island's regulator.
Fraud warning over counterfeit bank website
The Island's financial regulator is warning people not to fall for a scam impersonating an Island bank.
Manx firm launches services in South America
Island-based Open Payment Technologies says it's launched new services into two south American countries.
Santa's on a Bike raises over £70k for charity!
The Santa's on a Bike event this year raised over £70,000 for charity.
Medicinal cannabis shop opens in Douglas
A brand new medicinal cannabis shop has opened in Douglas.
Talk hosted tonight on how to run a global business
A global business started on the Isle of Man is hosting an event on how you can do the same!
Government scheme could help fund live events this winter
Is your business hoping to host a live music extravaganza this winter or a variety night to keep all entertained?
