manxman2004 Posted March 10, 2009 Share Posted March 10, 2009 Hmmmm gordo seems a little misguided looking at Bombay Bad Boy's link "Mr Brown said it was the UK Government which had come to the aid of Scotland's historic banks, the Royal Bank of Scotland and HBOS" ahhh yes those notorious pillars and foundations of tax haven banking institutions...... I blame the previous chancellor he was a right tit and should have seen it comin......oh hang on a sec...... back on topic though, I think it would be a sorry state of affairs for the Island, after the government's systematic hacking away of any diversity for the Island.....maybe they could rent out the new airport runway for a holding area for al qaeda...... or maybe tony b could grow some b*ll*cks and argue our corner ( there is that flying pig again....) instead of taking it off the bigger boys, its as pathetic as gordo sucking up to the US if you ask me Link to comment Share on other sites More sharing options...
Mission Posted March 10, 2009 Share Posted March 10, 2009 The high street in St Peter Port could look quite different without banks Who writes this shit? The banks in the High Street are, oddly enough, High Street banks - I doubt they'll be going anywhere. All the offshore stuff is located elsewhere. Link to comment Share on other sites More sharing options...
bluemonday Posted March 10, 2009 Share Posted March 10, 2009 I would hope to see more positive action from our elected policitians; a more robust defence of our position coupled with more plans b, c and d. Perhaps I am feeling pretty gloomy at the moment, but we do have so very much to offer, yet seem incapable of banging that drum effectively. And there's the problem neatly summed up. Talentless, stupid, short sighted morons who cannot be effectively pro active. Quite capable of having a tantrum about a man who wants to be a woman but incapable of dealing with the financial hurricane now blowing. Pointless to continually bleat in the local press about how wonderful our situation is compared to other places when even a short sighted intellectually challenged woodlouse realises that we are chaff in a gale. Nothing to fall back on as it's all been allowed to decay. Link to comment Share on other sites More sharing options...
Pragmatopian Posted March 10, 2009 Share Posted March 10, 2009 To be honest I think the G20 has bigger fish to fry than offshore centres, but: (1) cracking down on tax dodgers is an undoubtedly populist move (2) they do have electorates to please, and (3) its a much easier fix than the wider issue of bank and market regulation. Whether it's fair or not I certainly wouldn't bet against a fairly rapid contraction in offshore financial business over the next few years. Although the execution leaves a lot to be desired the present focus on making the Island an attractive location for various niches to develop is a good one. The Island needs to preserve what it has that is special and find new ways to generate value from that for the benefit of its community. Link to comment Share on other sites More sharing options...
homarus Posted March 10, 2009 Share Posted March 10, 2009 30% cutback in paper pushing pointless civil servants ,and reinvest the money saved in euromillion/lottery tickets ! Link to comment Share on other sites More sharing options...
Amadeus Posted March 10, 2009 Share Posted March 10, 2009 If Finance leaves we should: 1. Invite over the Arms Industry - there's always a war somewhere and it's big business. Give them Jurby to try out their latest toys - that also cuts down on costs for TT and guy fawkes night fireworks. 2. Invite over the Adult Entertainment Industry. Forget the odd Hollywood movie coming over for a day or two - we could have the film studio run on full capacity and well be known as the place where the next Jurassic Poke or Forrest Hump was made. Chances for employment of local talent, too. 3. Legalise Cannabis over here. The one and only way to revive the manx tourist industry. Coffee shops & good quality, well taxed merchandise would mean £££ for the Gov - and we really wouldn't care anymore what the UK thinks as a result. Vote Amadeus in the next election and let's make it happen! Link to comment Share on other sites More sharing options...
Slim Posted March 10, 2009 Share Posted March 10, 2009 Join Europe or become part of the UK, and live off subsidies like Scotland does. I don't think we've too much to fear though, I think we've been moving away from being a shadowy tax haven into simply being competitive for taxation. If they attempt to ban competitive taxation, they'll be banning London too. Link to comment Share on other sites More sharing options...
thebees Posted March 10, 2009 Share Posted March 10, 2009 Great idea Slim......but isn't Europe skint too? Link to comment Share on other sites More sharing options...
pongo Posted March 10, 2009 Share Posted March 10, 2009 Join Europe or become part of the UK, and live off subsidies like Scotland does. I don't think we've too much to fear though, I think we've been moving away from being a shadowy tax haven into simply being competitive for taxation. If they attempt to ban competitive taxation, they'll be banning London too. Yep. It demonstrates the good sense of the strategy of normalization over the past few years. @Amadeus: you are joking? The last thing the island needs is to get involved in another bunch of businesses which bring the island into disrepute. + the porn industry is in terminal decline in the face of porn.2.0 user generated content (according to an article I read, I think, on Wired). The biggest threat to the finance industry is the global economic slow down. The island did well in a rising tide. Link to comment Share on other sites More sharing options...
manxman8180 Posted March 10, 2009 Share Posted March 10, 2009 I'm not convinced an 'All guns blazing' approach would be the right way to tackle this 'issue'. There may be something to be said about maintaining a robust stance, but keeping ones head marginally below the parapet. You could argue that the more of a vocal annoyance we become, the more likely we are to piss the wrong person off. These 'reviews' are nothing new and we are viewed well by the OECD at present. As Slim says above, London would be a mirkier place to investigate. Anyway, 'if' the finance sector has a major blip, the future is already here. E-Gaming. The potential growth in that sector is on a scale which you just wouldn't believe. Link to comment Share on other sites More sharing options...
Max Power Posted March 10, 2009 Share Posted March 10, 2009 Yes, if it all goes wrong then we've tried it their way so f@$k 'em. Deregulate, legalise drugs, cheap fares...I agree! Seriously though, as said earlier, our government should now be making the right noises, and loudly! Why should we have any alliegiance to a neighbouring state which wants to see us fall? I'm sure that we can align ourselves with other constitutions and develop our business in other areas. Gambling springs to mind, but i'm sure there are other models if we care to be a bit more risque! Link to comment Share on other sites More sharing options...
Bambster Posted March 10, 2009 Share Posted March 10, 2009 Ahh let it all go to rack and ruin, I'm looking forward to having Alan Bleasdale come over and make Boys from the Blackstuff 2: Yosser's/Yesser's Revenge. Link to comment Share on other sites More sharing options...
theman Posted March 10, 2009 Share Posted March 10, 2009 FREEDOMMMMMMMMM!!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
spermann Posted March 10, 2009 Share Posted March 10, 2009 the iom will come out of the economic slow down stronger than ever. The Edwards review in the late 90's was a bigger problem to deal with as we were not ready for it. we are now well regulated. dont forget that our economy is still growing even if it is at a slower rate than previous. once the reallignment has taken place the banks will grow again at a much slower pace. so in the mean time keep buying Moores Kippers, Gellings Eggs, Manx Meat and drink lots of Okells! Link to comment Share on other sites More sharing options...
When Skies Are Grey Posted March 10, 2009 Share Posted March 10, 2009 If Finance leaves we should: 1. Invite over the Arms Industry - there's always a war somewhere and it's big business. Give them Jurby to try out their latest toys - that also cuts down on costs for TT and guy fawkes night fireworks. 2. Invite over the Adult Entertainment Industry. Forget the odd Hollywood movie coming over for a day or two - we could have the film studio run on full capacity and well be known as the place where the next Jurassic Poke or Forrest Hump was made. Chances for employment of local talent, too. 3. Legalise Cannabis over here. The one and only way to revive the manx tourist industry. Coffee shops & good quality, well taxed merchandise would mean £££ for the Gov - and we really wouldn't care anymore what the UK thinks as a result. Vote Amadeus in the next election and let's make it happen! If you add in Super Casinos and a proper racing circuit you have my vote fella.... Link to comment Share on other sites More sharing options...
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