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©Isle of Man e business 2008 Welcome to the Isle of e business Ron Berry e business Inward Investment Advisor
©Isle of Man e business 2008 The Isle of Man Background Facts Worlds oldest continuous parliament No party politics Not part of the UK Special relationship with EU
©Isle of Man e business 2008 The Isle of Man Background Facts Population 80,058 52% not born on the island 1.5% unemployment Financial services account for 36% of GDP GDP forecast to increase by 6%
©Isle of Man e business 2008 The Isle of Man Background Facts Standard & Poors and Moodys AAA credit rating 14 awards from international financial publications since 1999 Endorsements by UK Home office- The Edwards Report The Financial Action Task Force (FATF) Financial Stability Forum (FSF) International Monetary Fund (IMF)
©Isle of Man e business 2008 Taxation in the Isle of Man Companies 0% income tax except for –banking –IOM land/property No withholding taxes No taxes on capital VAT as per UK
©Isle of Man e business 2008 Taxation in the Isle of Man Individuals Low rates of income tax £9,200 tax-free allowance £10,500 @ 10% rest at 18% –maximum tax £100,000 pa per individual No taxes on capital VAT as per UK
©Isle of Man e business 2008 Committed to e business Charteris e business strategy report approved by Tynwald in 2000 e business Director appointed Electronic Transactions Act – a world first
©Isle of Man e business 2008 Committed to e business Significant growth by 2014 Second largest sector behind banking Greatest potential for the future Five –fold growth in GDP in this sector Already running significantly ahead of projections
©Isle of Man e business 2008 Committed to e business The Isle of Man where business and technology converge e business targets - e gaming e downloads e travel e money Disaster Recovery IP and IA
©Isle of Man e business 2008 Telecommunications IOM telecoms market regulated since 1986 Policy – core infrastructure provider, plus strong service level competition Outcome = Investment + Customer choice
©Isle of Man e business 2008 Telecoms Infrastructure Total IOM Connectivity Highly resilient multiple service provider Physical off-island fibre links via BT, C&W and MEA Significant capacity for future growth
©Isle of Man e business 2008
Committed to e business Infrastructure Quality A range of purpose built an retrofitted high quality Data Centres Fully diverse and guaranteed electricity Fully diverse and guaranteed connectivity 24 x 7 x 365 engineering resources
©Isle of Man e business 2008 Committed to e business Multiple providers of Co Location and Managed Service Data Centre Solutions 1000 rack spaces available on Island.
©Isle of Man e business 2008 World Class Electricity Supplies Locally generated power and electricity from UK grid Manx Electricity buy and sell power to and from UK grid Longest AC subsea cable in the world 105 km generates 40 MW Installed October 2000 New Power Station opened 2003 Combined Cycle Gas Turbine (CCGT) power station
©Isle of Man e business 2008 Government Grants Up to 40% equipment grants Up to 40% building grants for new build Up to 40% for rent payable for the first two years Up to 40% revenue grants for marketing expenditure when targeting new markets Up to 40% training grants
©Isle of Man e business 2008 Government Grants Viability of the business Future prospects Contribution to Gross National Product Employee Levels Tax residency of Beneficial Owners Average Salary Levels Spend in the local economy
©Isle of Man e business 2008 A World Class Package A Government committed to supporting e business Dedicated e business legislation State of the art telecoms infrastructure World leading connectivity, a super-fast 3.5G mobile network and unmetered internet access Zero rate corporate tax, low income tax and a personal tax liability cap Generous relocation grants International accredited financial regulation Excellent consumer and data protection All the support services youd expect from an international finance centre An outstanding education system Clear air, breathtaking scenery and safe, friendly communities
©Isle of Man e business 2008 The Music Industry There is no lack of evidence regarding the challenges that the music industry faces in the areas of unauthorized use of copyright music. The problem is clear but the solution is less clear and is one that has taxed the minds of the music industry.
©Isle of Man e business 2008 The Music Industry Because of its unique position, the Isle of Man believes that it can offer real advantages to the music industry at a time of difficulty and uncertainty, particularly regarding the monetization of downloads. The Island has the following advantages:
©Isle of Man e business 2008 The Music Industry Constitutional position Uniquely, compared to its competitors, the Isle of Man is already party to: The Patent Cooperation Treaty The European Patent Convention The Madrid Protocol WIPO and TRIPS
©Isle of Man e business 2008 The Music Industry Telecommunications The Isle of Man has been used as a test bed for new telecoms technology for most of the last 10 years. The Isle of Man: Was one of the first jurisdictions in Europe to roll out ADSL Was second in the world to have 3G Was first in the world to have 3.5G Will be the first in the world to have a fully functional next generation telephone network delivering digital TV
©Isle of Man e business 2008 The Music Industry The Team DCIA Tag Strategic Peter Jenner Ian Pennman (New Media Law)
©Isle of Man e business 2008 The Music Industry It is proposed that we present the idea of licensing telcos and ISPs on the Island to enable their subscribers to access music including P2P for non commercial use via fixed line broadband or their mobile devices for a blanket monthly fee.
©Isle of Man e business 2008 The Music Industry Through the ISPs and telcos there lies the ability to offer a granular approach that gives the ability to know who is accessing what and therefore creating a fair and more accurate way of sharing the revenue. This would not mean that existing commercial services became free but it might effect their business models. Added value propositions and customer preference and loyalty are always a consideration.
©Isle of Man e business 2008 The Music Industry Meetings with key influencers and stake holders An open dialog with labels and rights holders and get buy in for our proposal Fine tune the proposal following dialogue and feedback with industry. Get commitment from one or more labels/rights holders to visit the Isle of Man to develop the proposition further Crystallize the Isle of Man offering Communicate the package to the industry
©Isle of Man e business 2008 The Music Industry Key Points Experimental Produces Qualitive Research Results Provides Measurment Changes attitudes Global Potential
©Isle of Man e business 2008 Contacts Tim Craine Director e business and Space Commerce email@example.com Ron Berry e business Inward Investment Advisor firstname.lastname@example.org
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