Transcript Document
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
•World’s 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 & Poor’s 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
©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 you’d 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 telco’s and ISP’s 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 ISP’s and telco’s 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 protected]
•Ron Berry e business Inward Investment
Advisor [email protected]
©Isle of Man e business 2008