Isle of Man gov gets social
Tempting graduates back home
The Isle of Man is trying to tempt back departing graduates with a bit of Web 2.0 social networking magic.
The tax haven's government has set up a social networking site called manxgraduates.im for employers looking for staff, or to promote their firm, as well as attracting back new graduates. The idea is that Manx grads will sign up in order to stay in touch with friends and families.
This is a radical dose of Facebookery from the granite island which just recently suggested a way to attract music lovers with legal music sharing.
So is the island planning a move away from its core money laundering industry and into technology? It wouldn't be the first time - IoM was of course the first test bed for 3G mobile networks.
The island's tax status might be enough to attract a fair few graduates back anyway. But the bolthole is currently in negotiations with the UK Treasury over exactly who should pay to bail out Manx investors with Icelandic banks.
The island is famous for its kippers, bike race, accountants, alcoholics and webbed toes. ®
"So if the Isle of Man is strictly regulated and not a tax haven at all, why do all those companies base themselves there? The weather?"
The corporation tax rate is very low... that does not make it illegal, simply competitive.
If a person or business is legitimately domiciled in IOM, and therefore taxed there, why should any other tax authority be able to say there's anything wrong? The bigger economies of this world can't have the free market they want in one area, and stop smaller economies competing with them in areas where they can.
Bike race? Are you f**king kidding me?! The Island practically doubles it's population every year for one of the greatest events in the motorsport calendar and we're calling it a 'bike race'?!! What a goon of a journalist! P.S. Might wanna do some reasearch about the so called 'bailout'. It was daylight robbery!
No freedomn of speach whatsoever. What on Gods Earth is offensive to anyone - even if they live on the IOM. Well, if it is offensive tough. I posted a link on iomtt.com's forum and the post gets deleted by the admin. What a set of w4nk3r$