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The Manx do pay tax, up to 20% income tax and 17.5% VAT (sales tax). Yes, it's low, but a little place with no need for military is cheap to run. There's plent
by Slimbo 7y ago
The Manx do pay tax, up to 20% income tax and 17.5% VAT (sales tax). Yes, it's low, but a little place with no need for military is cheap to run.
There's plenty of countries with lower rates than that:
https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates
- mrec 7y agoThe UK spends just over 2% of GDP on defence. It's not a big part of the budget. Total government spending is around 40% of GDP.