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The Isle of Man is not in the UK

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Re: The Isle of Man is not in the UK

#61

Post by thisone »

telesilla wrote: post #16

What the author called a 'rumpy' cat is the colloquial term used on the island, along with 'stubbin'. Otherwise the cat is called outside of the island, not surprisingly, a Manx cat. I've seen them scattered around the commonwealth as beloved pets, various tail sizes but probably sadly mutilated for cat shows for a more perfect rump. https://en.m.wikipedia.org/wiki/Manx_cat

if you've seen tailess cats in the UK (I know you refer to the wider commonwealth), they would not be mutilated, at least legally, like that.

tail docking, ear docking, declawing, descenting (of ferrets), is illegal unless for the health of the animal or for a few working breeds where the dog is a working dog.

(England and Wales do have some different laws on this than Scotland and NI)

Re: The Isle of Man is not in the UK

#62

Post by tristanperry »

growlist wrote: post #43
se6 wrote: post #32

UK and tax havens have a long history. It is pretty sad and tells a lot about the quality of information in UK that most British people do not know about ATAD: Anti Tax Avoidance Directive, a EU attempt to crack down on tax havens, which will come in effect on 1st of Jan 2020. Thanks to Brexit, UK will secure its tax havens, to the benefit of very few and to the detriment of many... See https://www.taxjustice.net/201…

Whenever the voters vote the wrong way the EU subverts it with the result in effect being overturned in one way or another, so the UK will probably end up staying in and this ATAD will be implemented.

For those downvoting, there is truth in this e.g.:

* Ireland voting (twice) on the Nice Treaty - 2001 then 2002

* Denmark voting (twice) Maastricht Treaty - first 1992 then 1993

* Ireland (again) this time on the Lisbon Treaty - 2008 then 2009

There was also a case where the Labour government (in the UK) promised a referendum on a couple of EU treaty changes, before changing their mind after other countries' referendums voted them down, and just ratified it in parliament instead: https://en.wikipedia.org/wiki/United_Kingdom_European_Consti...

Re: The Isle of Man is not in the UK

#63

Post by Nadge »

smcl wrote: post #27
AndyMcConachie wrote: post #21

"And speaking of finance, the island has no capital gains tax, stamp duty or inheritance tax, making it an enticing prospect for many." This one sentence sums up why the Isle of Man exists the way it does. What a puff piece. Britain/UK/whatever are full of these little places to hide your money. That's all this is. Yet another crowny thing that allows the rich to avoid paying their due in an undemocratic society.

Yep there's plenty of fun little offshore places if you're so inclined. However we also have an onshore tax haven of sorts - the City of London: https://www.newstatesman.com/economy/2011/02/london-corporat...

This was a great read, thank you.

Re: The Isle of Man is not in the UK

#64

Post by nicoburns »

pavlov wrote: post #59
peteretep wrote: post #15

Isle of Man has zero percent corporate tax on (most) money earned outside the Isle of Man, which includes money earned in the UK. If you're a non-resident citizen of the UK, you can deposit your dividends from your Isle of Man company in your UK bank account, tax free. For the time being, IOM companies have GB VAT numbers, and a banking system that integrates seamlessly with the UK one, as well as a postal system (qu…

After living in the UK for a year and encountering this tax system firsthand, I'm convinced that one of the main reasons for Brexit is that rich people in England are worried that EU tax harmonization could one day take away their sweet loopholes and convenient neighborhood tax havens. I've personally benefitted from the system as a "resident non-domiciled" foreign citizen. But on the whole it's not fair to British t…

This is my main reason for supporting the European Union. Individual countries aren't big enough to have serious power against tax-avoiding corporation/citizens. But the EU is.

Re: The Isle of Man is not in the UK

#65

Post by throwaway925 »

peteretep wrote: post #15

Isle of Man has zero percent corporate tax on (most) money earned outside the Isle of Man, which includes money earned in the UK. If you're a non-resident citizen of the UK, you can deposit your dividends from your Isle of Man company in your UK bank account, tax free. For the time being, IOM companies have GB VAT numbers, and a banking system that integrates seamlessly with the UK one, as well as a postal system (qu…

£30.000 is already too high considering that the taxpayer has earned every penny and doesn't owe anything to anyone

Re: The Isle of Man is not in the UK

#67

Post by feintruled »

tristanperry wrote: post #62
growlist wrote: post #43

Earlier quoted context omitted.

Whenever the voters vote the wrong way the EU subverts it with the result in effect being overturned in one way or another, so the UK will probably end up staying in and this ATAD will be implemented.

For those downvoting, there is truth in this e.g.: * Ireland voting (twice) on the Nice Treaty - 2001 then 2002 * Denmark voting (twice) Maastricht Treaty - first 1992 then 1993 * Ireland (again) this time on the Lisbon Treaty - 2008 then 2009 There was also a case where the Labour government (in the UK) promised a referendum on a couple of EU treaty changes, before changing their mind after other countries' referend…

The treaties changed between the votes though. So a more sympathetic reading would be, the treaties were voted down so had to be changed - then the new treaties were acceptable and voted for.

(I don't even necessarily think a second vote on an unchanged treaty would be unacceptable, if there was reason to believe people had changed their minds).

Re: The Isle of Man is not in the UK

#68

Post by marcus_holmes »

peteretep wrote: post #15

Isle of Man has zero percent corporate tax on (most) money earned outside the Isle of Man, which includes money earned in the UK. If you're a non-resident citizen of the UK, you can deposit your dividends from your Isle of Man company in your UK bank account, tax free. For the time being, IOM companies have GB VAT numbers, and a banking system that integrates seamlessly with the UK one, as well as a postal system (qu…

I lived for four years in the IoM, had an amazing time (until Bushy's closed anyway). But in the process, I opened an IoM bank account to pay my salary into. I carried on using this account for years afterwards (it was with the IoM branch of a UK bank). I benefited from not paying any tax on the interest on my savings account, because tax haven. Not a huge perk, but a nice one anyway.

And then, in the wake of the tax haven scandals around 2005/6, the HMRC wrote me a nice letter explaining that, while I had obeyed all the rules at the time, they were retroactively changing the rules and I needed to declare all the interest I had earned on my offshore account over the last 8 years. The final bill came to about fifty quid, so no major damage done. But the lesson has stuck with me.

HMRC can and will change the rules at any time, and apply them retroactively. Getting super smart about taxes, especially by using loopholes and tax havens, can be counter-productive. Unexpected tax demands are not fun.

Re: The Isle of Man is not in the UK

#70

Post by SamReidHughes »

easytiger wrote: post #42
SamReidHughes wrote: post #7

You could tell, because there's no way their motorcycle race would be allowed in the UK. I was halfexpecting this article to tell us they still used pre-decimalized currency.

A similar race is held in NI https://www.northwest200.org/the-history-of-the-nw200/

In the past decade, only three people died.
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