G7 proposals thought to target companies like Amazon
Very few of the multinational online technology giants targeted by new international tax proposals are based in the Isle of Man.
That's according to the Treasury Minister after the G7 group backed proposals for a global minimum corporate tax rate of 15 per cent.
The move is thought to target the likes of Amazon and Facebook.
But Alfred Cannan says that won't have a big impact here:
TT 2026: Three races due to take place today
Supersport, Sportsbike and Senior Races all on the schedule
Police say they've seen a spike in drug offences on the IOM this week
Possession and production among the key crimes being picked up
German TT visitors fined after flouting speed limit
Pair spotted doing 95mph in 50mph zone
£50K prize pot to be split between sidecar competitors
Follows cancellation of class at TT 2026
Southern 100 planning to run classic sidecars for 2026
It's after modern machines were excluded from July event