The Income Tax Division on behalf of Treasury published on 15 November 2007 the "Proposals for the Manx Taxation Strategy for the Period 2007-2012. The proposals set out Treasury's intentions in respect of the taxation system, aimed at:
| - | continuing to simplify the income tax system (e.g. simplify capital allowances; simplify tax regime for small unincorporated businesses; consolidate tax law; simplify or remove annual tax return cycle for in… |