They literally just charge a flat tax rate and no corporation tax. It's not really a legal loophole. There are hoops they make people jump through - if you're

They literally just charge a flat tax rate and no corporation tax. It's not really a legal loophole. There are hoops they make people jump through - if you're a company wanting to relocate then you must have one Manx director. If you're a person then you must actually live there. The Manx used to make their money from smuggling. This is cleaner.