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Everything posted by anotherdatamoney

  1. 88Crash, all the best with the new life in SA. Personally I love the place, had a house in Hermanus for years but have now moved up north to Nelspruit - to get away from the wind Yes crime is an issue in SA but I think you stand a greater chance being killed on the roads. In my view SA comes a very close second to India for bad driving.
  2. IR35 does not apply. When I moved my staff over they were advised to setup limited companies and contract full time. Its a win win, I save on PAYE contributions and they get several additional tax breaks for being a limited company.
  3. Also don't use the banks to make the currency exchange, the rates are crap. I recently moved £300k into Euro and Natwest quoted €1.11 when the current exchange rate was €1.1354. Best quote I got was from worldfirst.com the trade only cost me a couple of pips and the service was excellent. They also have a good daily video blog and they seem to be spot on with there predictions. That said I have only been following the blog for a month or so.
  4. I will correct you. This island has a low tax regime because it has no debt. Therefore it is a haven for those who don't want to work half the year to pay the taxes. The Island has no armed forces and is currently reliant on the UK for defense. But the Island pays the UK for the service. "You have 72 hours to issue a full and complete surrender or we level the island." Why? The UK fights wars or oil or political favor with the USA.
  5. They are looking at a new development called "The Wave" at the end of Douglas promenade near Onchan. New cinema, fancy shops and a new casino. Should be good if it ever comes to pass.
  6. Peter Hun, As it appears I am wrong I apologize. But with regard to your statement "You may as well invest in some God-forsaken island in the Pacific, but IoM should not be able to claim that they are British in any shape or form when it comes to banking." Is that NOT the ignorance of foreign investors that is to blame. After the collapse of KSF I helped out expats who were left high and dry because of the problems. They all felt the UK should have bailed them out and did not realize the IoM is independent. Another case of not knowing the risks of off-shore banking and assuming the IoM was part of the UK. Ignorance is no excuse for loss.
  7. I walked down Strand Street today and the only shop I saw that was up to let was Woolworths.... God Bless the UK Companies.....
  8. Thankyou Good Sir. I have only lived on the Island for six months but I cannot see myself moving back to the "Other Island"... ever...
  9. The IoM pays the UK government for defense and diplomatic representation. If we stopped paying for defense who would let us be invaded? UK, Ireland or the EU? One of the local arguments is why pay for defense when if the island was attacked we would be defended by on of our neighbors because of our strategic possession. The UK would not let an Island a few miles off the coast be invaded, with or without the IoM paying for the privilege.
  10. There isn't a specific number as far as I am aware. Personally I came over with two million in cash and a business that makes around 750K a year. We were paid to move here, the government grants are fantastic.
  11. The savers on the Isle of Man are being compensated. The money in the icelandic bank was stollen from the IoM by Gordon Brown and his Anti Terror laws. From what I understand on the day the UK government seized the KSF assets there was over 20 billion pounds taken from the Island of Man branch which was on deposit in the UK branch. The IoM has come to a settlement with depositors and thankfully has not had to borrow or print money to do so. The treasury here is by statute obliged to balance a budget surplus. "By statute our Finance Minister is obliged to balance for a budget surplus – this is done consistently; with no external borrowing" Savers being offered exceptional, above market returns should have been aware of the risk, in the IoM and UK.
  12. The Island is currently invitation only........ It's very difficult to get a work permit unless you are of high net worth and/or have a sustainable profitable business to move to the island. God knows why they let me in.....
  13. 17th August 2009 Dear Lord Wallace It was with considerable dismay that I read your recently reported comments calling for the constitutional relationship of the Isle of Man, and other Crown Dependencies, with the United Kingdom to be “reviewedâ€. You claim that our autonomy “is no longer appropriateâ€, and that “in terms of the contribution the Crown dependencies make to the UK, I think we definitely have to look at that again†Your hostility to the idea that the Isle of Man should be selfâ€governing, or be competent to exist as a separate jurisdiction, has often been raised before. On the 10th March, for example, during the debate on the Borders Bill in the Lords, you said: “I have for a long time found it puzzling that we have a Government whose attitude is that any local authority smaller than half a million people is incompetent to manage serious local services, but accept that the Crown Dependencies three of which have populations of less than 100,000....are somehow competent to manage a great deal of their own affairsâ€. While your consistency is admirable, I do find it sad that as a student of history, and President of the Liberal Democrat History Group, you should have so little appreciation of the fact that today’s nations and communities are a product of historical circumstance – in the case of the Isle of Man, we have had a thousand years of our own tradition and independent institutions, with the world’s oldest continuous legislature, predating Westminster. We never have been (nor ever will be) part of the political union of nations known as the United Kingdom. It is the height of arrogance to suggest we ought to be. Our relationship with you is through allegiance to the Monarch, Her Majesty the Queen, Lord of Mann. Those Manx people who fought for the Crown in two world wars, and indeed do so today, are in little doubt of the contribution which they make to the UK †nor are the Manx members of the Royal British Legion, who annually raise more money per head for the Poppy Appeal than anywhere else in Britain. Your complaint appears to be that having not yet chosen to become a sovereign state, the Isle of Man still looks to the United Kingdom for the conduct of its external and diplomatic relations, treaty†making and defence (though no doubt you are aware that the British Government has entrusted us with our own “international personalityâ€, with our own negotiating powers in respect of international financial agreements). But are you aware that the Isle of Man Government actually makes an annual contribution to the UK Exchequer for such services? The Isle of Man does not cost the UK a penny. We pay our own way in the world – every pound spent here is raised here; no block grants, subventions, special funding from the UK, the E.U. or any one else. By statute our Finance Minister is obliged to balance for a budget surplus – this is done consistently; with no external borrowing, and rates of taxation which actually encourage private enterprise and wealth creation, yet this little nation can still point to first class publicly financed services in health, education and social security. The way we organise ourselves financially passes muster – the OECD, G20 and others tell us we are an internationally responsible jurisdiction. With such evidence that we are indeed “competent to manage our own affairsâ€, why on earth would we want to be part of the UK? If it is a question of good governance, it is the Isle of Man who could teach London about such things as the importance of separating the powers of the executive, the legislature and the judiciary, or about what makes for a progressive democracy – having been the first national legislature to give the vote to women (1881), we were also the first in Europe to do so for people aged 16 and 17 (2006). Of great concern is the fact that as Liberal Democrat Spokesman on Foreign Affairs in the House of Lords your clearly expressed views might be said to reflect the settled policy of your party in respect of the Isle of Man. If this is so, this is not the Liberal Party or the Liberalism I remember. When I was at one time an active party member in the United Kingdom, Liberalism was then renowned for its support for self-determination, for community politics, and championing the cause of Home Rule and federalism amongst the nations of the United Kingdom. I actively campaigned on these issues, both as a national youth chairman and parliamentary candidate, and was proud to do so. Today I have the privilege to be Speaker of the House of Keys in the Isle of Man. As present occupant of this ancient post, I can tell you that such is the sturdy independence of the Manx people that we will vigorously resist any of your ideas to abolish our status as a proud selfâ€governing community in the British Isles, or incorporate us into the UK. I would be more than pleased to meet with you in London, or even better in the Isle of Man, to discuss these issues with you in further depth. Yours sincerely Steve Rodan
  14. Another 1200 people buying houses. http://news.bbc.co.uk/1/hi/business/8222387.stm
  15. Basically there was a lot of rivalry between the two departments. The Customs guys were generally paid more than the Revenue guys. From what I heard the customs guys had their pay grades reduced to match the Revenue guys level. The people I know that left the Customs service were from the special investigations devision. They specialized in investigating Drug Smuggling, Carousel Fraud, Money Laundering etc. The prospect of being on drugs raids with the possibility of being shot and being paid the same as a pen pusher in the office was not appealing. Also many of the cuts made their type of work impossible. It's very difficult to run a drugs/surveillance operation when your hours have been capped at 9-5 five days a week. Naturally they felt let down after over 20 years of service. Yes they got paid off but they felt shafted.
  16. What about the merger of Inland Revenue and HM Customs & Excise in 2004. I know of many HM Customs officers who left because of the merger. They felt they had been F*cked over good and proper.......
  17. The Queens hotel was featured in a TV series a few years ago. The same staff etc nothing seams to have changed. The show was about how difficult it was to run the hotel and make a profit. Obviously nothing learnt from their first 15 minutes of fame.
  18. And this in the Times. http://business.timesonline.co.uk/tol/busi...icle6809184.ece
  19. +1 But one should be voted out of the ChavStation each week so they can make a TV show about it. The one voted out gets put in a big microwave with a tin foil hat. The audience then chooses between defrost, soup or full power. The X-Ray factor could be a good title.
  20. Are you saying you have never had a Minger Moment?
  21. No, waste of Energy. They should be burnt in a power station. That way they can give something back to the national grid rather than taking from it.
  22. Same here, as a small company working in the legal\investigation area. Have had one company go into administration owing £18K, and when I talk to other customers they say they are not paying anyone at the moment because business has fallen off a cliff and their overheads are massive. All have laid off staff, including the Law firms. Our turnover is down 30% from last year, but I have reduced our overheads and staff to accommodate the downturn so we are still in profit. And moving to the Isle of Man has saved us the Corporation Tax and the highest rate of personal tax is 18%. So we have not needed to increase our prices or turnover to maintain the same income, just reduced the tax burden. When I put my UK company into voluntary administration I got quotes from three administrators. They were falling over themselves for the work. Not because they needed it, they were rushed off their feet. They wanted the work because it was the only bit of good news they had and offered very generous discounts on their fee's. Without exception all three companies said they were very busy but the work was so depressing. People losing their homes, being made bankrupt etc, they wanted a job which was good news for a change. We are now rethinking our credit policy for SME's and Law firms. Our biggest out of pocket expense is travel costs and we are now asking for them to be paid upfront. Two new jobs came in yesterday one in India to start work on Friday the other in Bolivia next week. When I told the clients they now had to pay upfront for out of pocket expenses they took it very well. They have had the same response from other companies. I have been running businesses for over 20 years and it all feels very 1989.
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