Does the Isle of Man need the TT?
Harry Offline
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#10
 
Excellent post, Don. There was a time when businesses, like people, expected that they would have to pay a fair share of taxes. When businesses, or certain businesses are exempted from paying taxes the revenue has to come from somewhere. That 'somewhere' is usually hard working men and women as well as small businesses. When one jurisdiction poaches business from another by offering tax deals, grants, subsidies etc the people who run the businesses are laughing - and also on the watch for an even better offer from their next location.

Their arrival usually brings a real estate boom that prices properties beyond the reach of the long term residents. The operators of these businesses also have no long term commitment to the community. They will be there until they get a better offer to re-locate. Finance and online gambling are highly portable. The examples of places that have committed themselves to gambling and corporate convenience are not inspiring. Short term there may be cash and glamour, long term crime and distortion of the economy. Fortunately the Isle of Man may not be past the point of no return, but it sounds as if it is close.
30-03-2006, 06:59 PM
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Messages In This Thread
[No subject] - by sticky - 31-03-2006, 04:42 PM
Does the Isle of Man need the TT? - by Don Simons - 25-03-2006, 05:31 AM
[No subject] - by sticky - 25-03-2006, 10:41 AM
[No subject] - by Neil.W - 25-03-2006, 10:48 AM
[No subject] - by Anonymous - 25-03-2006, 02:59 PM
[No subject] - by Chris Maybury - 25-03-2006, 04:09 PM
[No subject] - by Tomcat - 27-03-2006, 09:41 AM
[No subject] - by Don Simons - 30-03-2006, 04:44 AM
[No subject] - by FC - 30-03-2006, 04:22 PM
[No subject] - by Anonymous - 30-03-2006, 06:44 PM
[No subject] - by Harry - 30-03-2006, 06:59 PM
[No subject] - by Arthur Lawn - 30-03-2006, 07:27 PM
[No subject] - by Anonymous - 30-03-2006, 07:44 PM
[No subject] - by shaun hogg - 30-03-2006, 10:22 PM
[No subject] - by Tel - 30-03-2006, 11:08 PM
[No subject] - by Sam Pato - 31-03-2006, 02:01 AM
[No subject] - by Labtec - 31-03-2006, 11:32 AM
[No subject] - by FC - 31-03-2006, 04:20 PM



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