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Daily Tax Quote

New On The Network Today

This feed is published daily with selected new or updated content from across our network. For a list of network sites, many of which feature daily news, see below.

 
29/07 New Lowtax Editor Column, by Kitty Miv
28/07 New PBTG Editor Column, Caroline, PBTG editor
27/07 UK Launches Raft Of Tax Consultations, Tax-News.com
26/07 Fat Tax On The Menu , Jeremy Hetherington-Gore blog entry
23/07 Sarkozy Seeks 'Fiscal Convergence' With Germany, Tax-News.com
20/07 Singapore Base For Tuvalu OIFC, Tax-News.com
19/07 Expats Turn Backs On US Taxes, Tax-News.com
16/07 Congress Approves US Financial Reform Bill, Tax-News.com
15/07 New Lowtax Editor Column, by Kitty Miv
15/07 St Vincent & The Grenadines, Investors Offshore special feature
13/07 Tax-News.com Jersey Review 2010-2011
12/07 Goodbye To All That, Jeremy Hetherington-Gore blog entry
09/07 Antigua Pursuing Trade Sanctions Against US, Tax-News.com
08/07 New Lowtax Editor Column, by Kitty Miv
06/07 Hong Kong Full PBTG Guide, added to Personal Business Tax Guide
05/07 Australian Mining Tax Agreement Reached, Tax-News.com
02/07 Online Trading For Expats, Investors Offshore special feature
29/06 EC To Extend Common System Of VAT, Tax-News.com
28/06 Lowtax Dubai, annual update
25/06 Jersey Considers Tax Future, Tax-News.com
22/06 VAT Hiked In UK Emergency Budget, Tax-News.com
21/06 Steady Progress In TPP Negotiations, Tax-News.com
18/06 Singapore - Another Hong Kong?, Investors Offshore special feature
15/06 Swiss Parliament Approves UBS Agreement, Tax-News.com
14/06 Ethical Moonshine, Penelope Wise blog entry
11/06 Germany Purchases Stolen Tax Data Disc, Tax-News.com
08/06 Dubai Full PBTG Guide, added to Personal Business Tax Guide
07/06 G-20 Shelves Global Bank Tax, Tax-News.com
04/06 Lowtax Panama, annual update
01/06 Lowtax Luxembourg, annual update
31/05 OECD And EU Strengthen Tax Cooperation, Tax-News.com
28/05 Lowtax Guernsey, annual update
25/05 Lowtax Jersey, annual update
24/05 Lithuania Summary PBTG Guide, added to Personal Business Tax Guide
21/05 Lowtax Liechtenstein, annual update
18/05 Latvia Summary PBTG Guide, added to Personal Business Tax Guide
17/05 Offshore And The Euro, Jeremy Hetherington-Gore blog entry
14/05 IO Focus: Barbados, Investors Offshore special feature
03/03 Personal Business Tax Guide, PBTG, has launched!
Providing essential tax news and information for globally mobile artists, contractors, entrepreneurs, professionals, small businesses, sportspersons and entertainers.
 

 
Lowtax Network Sites
Lowtax Network Portal: 'Low-tax' business and investment in the top 50 jurisdictions covered in exceptional detail.
Tax News: Global tax news, continuously updated through the day.
Investors Offshore: The independent offshore and alternative investment guide for expatriates and the globally aware investor. Sponsored by HSBC Bank International.
Law & Tax News: Daily news and background data on tax and legal developments for international business.
Offshore-e-com: A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library: One of the web's largest and most authoritative business and investment information sources.
US Tax Network: The resource for free online US taxation information, covering: corporate tax, individual tax, international tax, expatriates, sales and e-commerce tax, investment tax.
NEW! Personal Business Tax Guide: Providing essential tax news and information on business for contractors, entrepreneurs, professionals, small businesses, artists, sportspersons and entertainers.
 
New Immigration System To Be Introduced In IOM

by Jason Gorringe, Tax-News.com, London Monday, December 07, 2009

The Isle of Man Immigration Office last week introduced the first stage of a new points-based system for managing the immigration of foreign nationals from outside the European Economic Area to the island for employment purposes.

The move, approved by the Council of Ministers following recommendations from a Tynwald Select Committee, incorporates elements of the system that is already in place in the United Kingdom.

The salient points of the system are as follows:

  • Tier 1 (General) Migrant is for highly-skilled workers who demonstrate that they are highly skilled, have enough money to support themselves, and are able to speak English, in order to gain sufficient points under the system.
  • Tier 1 (Entrepreneur) Migrant is for those investing in the Isle of Man by setting up or taking over, and being actively involved in the running of, one or more businesses in the Isle of Man. The applicant has to demonstrate his/her ability to finance the business investment, support themselves and speak English, in order to gain the necessary points.
  • Tier 1 (Investor) is designed to allow high net worth individuals to make a substantial financial investment in the Isle of Man. The ability to make the substantial investment must be demonstrated to gain sufficient points.
  • The Tier 5 Youth Mobility Scheme, (which replaces the Working Holidaymaker Scheme). This scheme is for young people from participating countries who would like to experience life in the Isle of Man. The countries participating in the scheme - Australia, Canada, Japan, and New Zealand - have been chosen because they have reciprocal agreements which allow young British Citizens to spend time in their countries. Young Manx residents qualify as British Citizens under these agreements.

Other elements of the new Points Based system, which will replace existing controls, are being progressed.

Tier 4, which applies to students and further elements of Tier 5 will be considered for adoption in the new year.

Tier 2, which applies to skilled workers and which will replace the Overseas Labour Scheme, is currently under consideration by the Department of Trade and Industry.

Tier 3 applies to unskilled workers; it has not been adopted in the UK and will not be introduced in the Isle of Man for the foreseeable future, according to the Manx authorities.

.

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