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Broker Talkback

Is the UK Government right to be taking “a long hard look” at the relationship between itself and the Isle of Man?
Yes 25%
No 75%

No “It demonstrates that Alistair Darling does not understand the special relationship that the Isle of Man has with the UK. He should remember how compliant the island was regarding the voluntary introduction of the EU savings directive which it didn’t have to do but did to maintain that special relationship.”

John Boyle, Chartwell Finance Management

No “The relationship works well at the moment. It is a very useful one for clients to take advantage of the planning opportunities.”

Robin Melley, Matrix Capital

Yes “I think they should because of the way that everything has gone wrong in recent times. However, the Government has to look at every aspect and not just at the Isle of Man.

Mike Fry, Halton Insurance

No “I think the Government is desperate to take in more tax from anywhere and so it is just meddling. It is right that the Isle of Man should retain a degree of autonomy.”

John Mitchell, John Booth & Co Financial Services

Yes “I think it is hard to believe we have found that certain deposits accounts are not safe in the IoM. It needs to be looked at.”

Jeremy Davis, 35 Finance

No “I do not see that there is any need to change the status quo. It may just be a way of trying to recoup some of the money that the Chancellor is planning to give out as tax breaks in the pre-Budget speech.”

Bill Hopkins, Premier Financial Associates

No “The Isle of Man has got its own legislation and regulations, probably as strong as we have got, so they can almost deal with it themselves.

Michael John Rice, MJR Financial Services

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