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"Is the Island still attractive to the squeezed middle?"

Sunday, 25 February 2024 11:17

Questions after announced rise to Income Tax

There are questions around what this week's Budget announcements will mean for government's targets to expand the Island's working population.

The Economic Strategy, approved in 2022, aims to grow the overall population to 100,000 by 2032.

"Does the effect of these changes align to the Island Plan? Is the Island still an attractive place to relocate to for the squeezed middle?" - Pam Harvey, Crowe Isle of Man

Treasury Minister Alex Allinson was asked whether a two per cent rise in the higher rate of Income Tax could be seen as a disincentive for median-income earners looking to move here:

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