Positive Action Group - Possan Jantys Jarrooagh

Open, accountable government, rigorous control of public finances, and a fairer society for all.

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CGT - Conspiracy of Silence?

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"Please look at the whole picture, not just a small piece of the jigsaw" implored Treasury Minister Teare at the end of his 2012 Budget speech.

Well there's one piece that just doesn't fit in and we make no apology for returning to it, following our article 25.02.12 :"TAX: Bye, Bye ARI - Hello CGT?".

We focused on confusion created with the abolition of the ARI and a replacement measure on tax distributions introduced via a Treasury Practice Note 174/12. The Note seemed to open the door for a potential Capital Gains Tax on company assets.

Last Updated on Tuesday, 12 February 2013 00:07

Time for a written Constitution?

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PAG has made a written submission to a Joint Committee which is considering the constitutional principles raised by The Electoral Reform Bill 2011.

As well as calling for LegCo to be popularly elected (which is in the PAG Charter) the Bill makes two main proposals.

First, that the Island should be divided into eight constituencies; and second, that each constituency should return three MHKs and one MLC.

Last Updated on Tuesday, 28 February 2012 20:33

PAG Submission - Electoral Reform Bill 2011

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PDF copy attached:
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Download this file (SubmElecRefbill_2011.pdf)PAG Submission - Electoral reform Bill 201160 Kb1372

Tax Cap Criticism

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bell cap

Treasury spent £75k In 2006 and £75k in 2007 to attend Conferences in Geneva for 'High Net Worth Advisers'. In 2008 £80k was spent on 'Wealth Man Conferences'.


It's no surprise then that Chief Minister Bell continues to try and justify his tax cap policy, to convince us it's working.

Last Updated on Saturday, 25 February 2012 19:54

TAX: Bye, Bye ARI - Hello CGT?

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Tax CartoonThe Attribution Regime (ARI) for Individuals will be abolished with effect from 6th April 2012. The ARI ensured that Isle of Man resident shareholders did not roll up profits in an Isle of Man company tax free.

The abolition of the ARI means that Isle of Man resident shareholders of Isle of Man companies may be able to roll up profits tax free in a company until such time as a distribution is made. The use of a company structure with the ability to roll up profits tax free for Island residents would appear to be a very attractive proposition, but perhaps unfair to the majority of taxpayers unable so to do.

Last Updated on Saturday, 25 February 2012 13:28

In Praise of Kerbside Collection !

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Kerbside collection vanIn his Budget speech (27.01.12) Leader of Douglas Borough Council, David Christian wholeheartedly backed the joint kerbside collection scheme developed with Braddan Commissioners.

Have the ratepayers of Onchan lost out by the decision to withdraw from the scheme we wonder?

"Green issues have remained to the fore with the Council’s decision to continue operating the kerbside collection service, funding it jointly with Braddan Commissioners from 1st November last year until 31st March this year, after three years’ funding by the Department of Infrastructure ceased on 31st October 2011. 
Last Updated on Wednesday, 22 February 2012 13:13

The Budget and Mr Bell

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Chief Minister Alan Bell 'got carried away' (his own words) in Tywnald's Budget debate.

We have long been aware that, like Peter Mandelson, he is 'frightfully relaxed about people being filthy rich'.

But unlike Peter he doesn't like to use the 'r-' word.

Usually he prefers to clink the odd coinage 'individuals of high net worth.'

(This could be taken to imply a superior morality in such folk.

And such a usage is of course less likely to stir the resentment of those of us who aren't well off.)

Last Updated on Tuesday, 28 February 2012 20:34

A message to the people of the IOM from the Chief Minister

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Entitled "Driving change to achieve a sustainable future" Allan Bell lists the priorities of the government and the actions it intends to take.

Please read the detail in the attachment.

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Access this URL (http://bit.ly/y63ju7)y63ju70.1 Kb0
Last Updated on Wednesday, 22 February 2012 13:30

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