There is something iffy about the Isle of Man. No doubt it is a place that offers good food and beautiful beaches, tranquillity, motorcycles and museums. The Isle is a hotspot for tourists and a welcoming residence for the idle rich. Older people, perfectly-legally, retire there to take advantage of the benign tax regime. But when you hear that shareholders in a business have decided to relocate their holdings to this tax haven, you are entitled to wonder – why do they do it?
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