Profit Shifting

Chief Minister Howard Quayle CBE has commented on the agreement between 130 member jurisdictions of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) – including the Isle of Man – to join a new two-pillar plan to reform international taxation rules.

This agreement builds on the recent G7 announcement and is the next step towards important changes to the way in which the largest multinational companies will be taxed in future years.  

The Chief said: ‘As a small, forward-looking jurisdiction, with an open economy, we are well placed to respond positively and adapt to these international tax reforms.  Our record over the past two decades of adopting international tax standards demonstrates this. The Isle of Man’s long-standing policy is to support international standards developed by organisations like the OECD that are adopted globally and provide for a level playing field. We support the Inclusive Framework proposals announced today by the OECD and will continue to work with the Inclusive Framework as it addresses the technical details and will continue to engage closely with our partners and the other Crown Dependencies.”

Licensing Laws

Modernisation of the island’s liquor licensing regime is now in sight, following the final passage of the landmark Liquor Licensing and Public Entertainments Bill 2021 through parliament.

The Bill provides the first major reform in 25 years of alcohol licensing and music, dancing and other public entertainments. The new regime aims to meet the future needs of the hospitality sector and improve industry standards, while preventing crime and ensuring the safety and wellbeing of the public. The proposals won wide support during two extensive public consultations, with ideas from the Licensing Forum, community groups and members of the public being fed into the final Bill.   

Minister for the Department of Justice and Home Affairs Graham Cregeen said: ‘New licensing legislation is long overdue, so I’m delighted that we now have a modern, fit-for-purpose regime which will provide for the needs of everyone with an interest in licensing law – our established  licensed traders, new start-up businesses, community groups, customers and members of the public.’

Central to the new licensing regime are seven core objectives: 

  • securing public safety
  • preventing crime and disorder
  • preventing public nuisance
  • protecting and improving public health 
  • protecting children from harm 
  • providing an environment in which the hospitality industry may flourish 
  • promoting high standards across the hospitality industry

NHS App

Manx residents are being urged not to call their GPs or the Welcome Centre with questions about the NHS App, which will soon provide evidence for individuals of their Covid-19 vaccination status. 

Over the last few days GP practice staff and the team at the Welcome Centre have taken an unprecedented number of phone calls on the topic. Some surgery lines have been clogged, delaying patients who are unwell being able to seek essential medical advice from their doctor.

Climate Change

BBC Bitesize has removed references to the “benefits” of climate change on its website, following complaints online. The education website listed “healthier outdoor lifestyles” as one of the pluses of having warmer temperatures. Others included easier access to oil in Alaska and Siberia, new shipping routes created by melting ice, and more tourist destinations. Climate expert and writer George Monbiot called the list, which has now been removed, ‘an absolute disgrace’.

Candian Statues

A prominent statue of Queen Victoria has been torn down by protesters in Canada as anger grows over the deaths of indigenous children at residential schools. The protesters cheered as the statue at the legislature in Manitoba’s capital Winnipeg was toppled on Thursday. A smaller statue of Queen Elizabeth II was also upended nearby. Local media say police used a stun gun to arrest a man at the scene but the protest was largely peaceful. The toppling of the statues came on Canada Day, an annual celebration on 1 July that marks the country’s founding by British colonies in 1867.

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