On Air Sensational 70s Andy Wint | 1:00pm - 4:00pm

Few multinational online firms based on Island says Cannan

G7 proposals thought to target companies like Amazon

Very few of the multinational online technology giants targeted by new international tax proposals are based in the Isle of Man.

That's according to the Treasury Minister after the G7 group backed proposals for a global minimum corporate tax rate of 15 per cent.

The move is thought to target the likes of Amazon and Facebook.

But Alfred Cannan says that won't have a big impact here:

More from Isle of Man Business