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Under EU law each member state must elect their MEPs (Members of the European Parliament) by a system of Proportional Representation (“PR”). However it is left to member states to choose which particular version of PR system they will use. PR is designed to ensure that the number of seats won by a party or […]

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The doom and gloom-mongers in the British media, as well as some politicians, are claiming that yesterday’s decision by the European Court of Justice (ECJ) rejecting the British government’s challenge to the operation of the Financial Transaction Tax (FTT) spells disaster for the City of London. But in the immortal words of Corporal Jones in the […]

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Ask people what the term “personal development” means to them and most will answer in relation to their career or employment development. Only when you ask for further examples might they start to talk about developing personal relationships. In truth the term applies to anything that will enrich your life, financially or otherwise; bring you […]

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Most people think that working from home is easy. They can roll out of bed whenever they want and don’t have to worry about getting ready to catch the bus or drive for miles to some office or other. They can just work when they feel like it and be around for their children. Well […]

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The Isle of Man has been awarded the top ‘Compliant’ rating by the global body reviewing tax transparency around the world. The OECD (Organisation for Economic Co-operation and Development) Global Forum on Transparency and Exchange of Information for Tax Purposes has just published ratings for the 50 countries reviewed to date and the Isle of […]

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According to many a tax haven is a jurisdiction (a state, country or territory) where one or more type of tax is levied at a low rate or not at all. Others have suggested that any country which modifies its tax laws to attract foreign capital could be considered a tax haven. On that basis […]

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In the current financial situation a great many people are looking to start a home based business. Some are just looking to make a little extra money to supplement their salary or pension but others need a full time income, either because they have lost their job or maybe they just fancy a change of […]

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If you have been searching the internet for methods to increase your income or maybe start up your own business from home you will probably have come across the term “Affiliate Marketing”, but do you really know what that means? Affiliate marketing is one of the fastest growing industries on the Internet. Two of the […]

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Recently there has been a lot of negative comment in the press regarding the use of interns in the City of London and elsewhere. Generally, an internship consists of an exchange of services for experience between the intern and an organisation. Interns can use an internship to determine if they have an interest in a […]

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Most people know the phrase “Stockholm Syndrome” from the numerous high-profile kidnapping and hostage cases – usually involving women – in which it has been cited. The term is probably most associated with Patty Hearst, the Californian newspaper heiress who was kidnapped by revolutionary militants in 1974. She appeared to develop sympathy with her captors […]

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On this day in 1958, the U.S. nuclear submarine Nautilus – completed the first undersea voyage to the geographic North Pole. The world’s first nuclear submarine, the Nautilus dived at Point Barrow, Alaska, and traveled nearly 1,000 miles under the Arctic ice cap to reach the top of the world. It then traveled on to […]

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The People aspect of a business is key to its ultimate success. No matter how well we deal with our suppliers and our employees at the end of the day our customers are the most important people we deal with. Without them there is no business and our staff and suppliers will suffer. However it […]

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Did you know that there are “trigger” words and phrases that can cause you to lose your customers for good—just within the first 5 seconds of conversation? As you know, the wrong tone of voice and negative body language can ruffle your customers’ feathers. So why would certain words and phrases be more likely to repel […]

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The Institute of Directors (IoD) has just released a new report, The Midas Touch, which reveals how EU directives have been ‘gold-plated’ during translation into UK law, creating unnecessary additional burdens for businesses. The report calls on the Government to fulfil its pledge to carry out a comprehensive review of all EU laws to identify […]

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Ahead of this week’s Queen’s Speech and following a survey of IoD members, which found that the two biggest factors holding back businesses are the economy and government regulation, the Institute of Directors (IoD) has called for the introduction of three Bills. The IoD accepts that there are no quick fixes for our economic situation, […]

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For several years HM Revenue & Customs (HMRC) have been concerned that directors and shareholders of companies, referred to as “close companies”, have been able to avoid paying tax by abusing rules relating to loans made to directors, shareholders or other “participants” or indeed to their associates. Typically this might involve a director or shareholder […]

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 In his Budget yesterday UK Chancellor George Osborne responded positively to calls from the London Stock Exchange and abolished stamp duty on shares of companies listed on growth markets including the Alternative Investment Market (AIM) and the ISDX Growth Market. The Stock Exchange, financial institutions, and business organisations have long argued that removing stamp duty […]

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According to Chief Minister Allan Bell, the Isle of Man is beginning to get its message across to senior politicians, decision makers and opinion formers in the UK, EU and further afield that it is part of the solution not part of the problem of tax evasion. Mr Bell and Treasury Minister Eddie Teare attended […]

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The Court of Appeal has now confirmed the decision of the Upper Tier Tribunal in Anson –v- HMRC, a case dealing with the issue of whether a Delaware Limited Liability Company was tax transparent or not. Mr Anson was a member of a Delaware LLC which carried on business in the US. Since a Delaware […]

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The Isle of Man government has signed a tax information sharing agreement with the UK government to help combat tax evasion. Under the agreement, the Isle of Man and UK will automatically exchange a wide range of information on tax residents, on a reciprocal basis. It should be emphasised that evasion isn’t avoidance and there […]

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