US president wants to stop businesses shifting profits overseas
'Time will tell' whether US President Joe Biden's plans to encourage a worldwide minimum business tax rate will impact on the Isle of Man.
That's according to former tax advisor Phil Dearden, who says it's likely the proposals will be 'watered down' following negotiations.
He says the President's aim is to stop multinational corporations shifting profits overseas:
Department brands loss of Greeba tree 'regrettable'
Four replacement trees to be planted at site
Inmates stage prison protest over time spent in cells
DHA confirms 'isolated passive incident' at Jurby facility
Local clothing retailers rated poorly in new survey
More choice and personal experience wanted
'Unnecessary' delays left electricity customer in limbo
Manx Utilities classifies all pensioners as vulnerable people