Zero 10 – Isle of Man & Jersey

The system of corporate tax known as Zero 10 (or 0/10) is currently in use in both the Isle of Man and Jersey. Essentially it means 2 corporate tax rates, what rate you pay depends on the nature of the business. For example in the Isle of Man unless you are a bank you pay zero percent! However the European Union appears to not like Zero/10 and its days may be numbered.
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