.jpg)
Treasury Minister Allan Bell has explained why he isn't taxing the profits of non-resident retailers in the Isle of Man.
In the House of Keys he faced another question on the subject from Michael MHK David Cannan, who wanted to know why the Treasury hadn't ordered such companies with turnovers in excess of £5 million to pay 10 per cent tax here.
Mr Bell said the idea was being considered by his department, but in the past it had been felt it might destabilise the economy:
'Running a business in Strand Street is more difficult than ever'
Traders in Douglas say it's becoming an 'uphill struggle' to operate in the city centre
Traders on Michael Street feel 'abandoned' by politicians in tough times
So what needs to happen to regenerate Peel's high street?
Work underway to 'get confidence back in the economy'
Chief minister says concern over finances based on 'more sentiment than actual evidence'
Energy and food security "two most important things", says MHK
Douglas North's John Wannenburgh believes these are the two main components that will determine the Island's survival
