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It's spelled the Isle of Man. It's a tax heaven. They don't have any sizeable administration to supervise or enforce any legislation nor do they intend so. Obvi
by usr1106 6y ago
It's spelled the Isle of Man. It's a tax heaven. They don't have any sizeable administration to supervise or enforce any legislation nor do they intend so. Obviously their "business model" is to attract rich people and shady businesses that they don't offer any public services for. The nominal taxes they collect are good income for their little island. But for those who pay them much cheaper than what they would have to pay in a more functional state.
Disclaimer: Have been there for a holiday trip. Nice place if you disregard the moral aspect of the British Crown "owning" the place.