I sincerely hope that Members of Tynwald will shortly adopt a New Year's Resolution to the effect that they 'resolve to cease the introduction of major changes to the Income Tax Acts by means of Temporary Taxation Orders.'
Open, accountable government, rigorous control of public finances, and a fairer society for all.
Tax Talk: 2. Taxation Legislation - Temporary Taxation Orders (TTOs)
The introduction, amendment or repeal of provisions relating to income tax in the Isle of Man are generally accepted as being matters for primary legislation. The enactment of primary legislation is, of course, usually the subject of an elaborate and rigorous process involving the drafting, printing and publication of a Bill, followed by three readings, including a detailed examination of clauses, in the House of Keys, the same in the Legislative Council, signature by Members of Tynwald and finally the grant of Royal Assent. The wording of primary legislation should be clear and unambiguous. It should not be open to interpretation and reinterpretation to suit the whims of the bureaucracy which operates it.
More... Add new comment
IoM Premiere for new film on offshore Finance industry
'The Spider's Web – Britain's Second Empire'(documentary)Manx Museum Theatre, Kingswood Grove, DouglasMonday 13 November 2017Two screenings: 6.00pm and 7.45pm.Admission free - All welcomePositive Action Group (PAG) is screening a new documentary telling how Britain transformed itself from an imperial to a financial power through a global network of offshore jurisdictions.
'The Spider's Web – Britain's Second Empire' will be shown at the Manx Museum Theatre on Monday 13 November, with screenings at both 6.00pm and 7.45pm. Admission is free - All welcome
This recently-released film throws light on how bankers, lawyers and accountants set up a web of offshore secrecy jurisdictions which captured wealth from across the globe and funnelled it into the City of London. It argues that real power lies not in our democratic institutions but rather in the hands of the wealthy and influential few.
Roger Tomlinson of PAG comments - "PAG is pleased to give an Isle of Man premiere for this timely film. It will clearly be controversial here but we feel the issues it airs are relevant to the Island and deserving of debate. We hope to welcome the public at both screenings. The early screening offers a chance to come straight from work. Just turn up.
More information
Single Resident Record presentationsTristram Llewellyn Jones and Steve Burrows presentations attached: Single Resident Record
This paper reviews some of the issues arising, for the purposes of informing the consultation and debates about the proposals. In particular, this paper focuses upon the risks and dangers that are associated with a Single Resident Record. That is not because there are no potential advantages or benefits. Rather, it is because advantages and benefits will be put forward by those proposing the database in any event; it is the disadvantages and dangers that run the risk of being overlooked.
|
||
|
||
|
||
Page 5 of 31 |