woolley Posted April 12, 2016 Share Posted April 12, 2016 who is actually credited with with setting up the isle of man as an offshore financial centre in the first place? i mean no offence but i doubt it was a manxperson in reality Certainly not anybody in the Isle of Man. Abolition of surtax and release of control over the Islands finances by the UK Treasury was the start. Who's idea? That would be telling! http://hansard.millbanksystems.com/written_answers/1961/feb/08/surtax 1 Quote Link to comment Share on other sites More sharing options...
notwell Posted April 12, 2016 Share Posted April 12, 2016 Well, perhaps a well-regulated offshore financial centre? It is disheartening to see the criticism from locals of a sector they do not understand, but are happy to jump on a bandwagon of ignorance, while benefiting from the economic advantages it brings. Correct. It's fashionable to hate what, rightly or wrongly, has made everyone's life that little bit more hassle free over the last 20 years. Now that it's not plugging the gap properly people feel quite justified in hating it even more as they need to try harder to keep up with the effect the burn rate of the public sector is having on public finances. Well it isn't that is ceases to plug a gap. I'd hazard a guess that the finance sector in totality is generating plenty. It's simply that government haven't addressed it's own house as the private sector has had to. Whilst the private sector has concentrated on reducing and containing costs the civil service has barely scratched the surface. 4 Quote Link to comment Share on other sites More sharing options...
woolley Posted April 12, 2016 Share Posted April 12, 2016 I don't get where you're coming from Woolley are you drunk? This is all a political game. The stand off has happened and the end result is that we're a bit bad. But that also we've been persuaded to be less bad by the powers that be. Who are bad. But their tax returns sort of show that they're not bad. But only if you dont look at what they've put in the public domain too hard. Well that's what I'm saying really. I don't see anything contradictory there. You are saying similar. It's a fantasy. Are you drunk too? Quote Link to comment Share on other sites More sharing options...
thesultanofsheight Posted April 12, 2016 Share Posted April 12, 2016 I don't get where you're coming from Woolley are you drunk? This is all a political game. The stand off has happened and the end result is that we're a bit bad. But that also we've been persuaded to be less bad by the powers that be. Who are bad. But their tax returns sort of show that they're not bad. But only if you dont look at what they've put in the public domain too hard. Well that's what I'm saying really. I don't see anything contradictory there. You are saying similar. It's a fantasy. Are you drunk too? Yes. 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted April 12, 2016 Share Posted April 12, 2016 Interesting to read from Govt that one of the reasons the Govt operated Post Office can't move forward without corporatisation is "the Civil Service ethos"... 1 Quote Link to comment Share on other sites More sharing options...
the stinking enigma Posted April 12, 2016 Share Posted April 12, 2016 its catching Quote Link to comment Share on other sites More sharing options...
GaryPotter Posted April 13, 2016 Share Posted April 13, 2016 Interesting to read from Govt that one of the reasons the Govt operated Post Office can't move forward without corporatisation is "the Civil Service ethos"... Yes we can't have that civil service ethos changed. It's been the saviour of the IOM! Quote Link to comment Share on other sites More sharing options...
Ham_N_Eggs Posted April 13, 2016 Share Posted April 13, 2016 Interesting to read from Govt that one of the reasons the Govt operated Post Office can't move forward without corporatisation is "the Civil Service ethos"... Yes, the ethos that means those at the top can't get paid anymore unless they follow a corporate model where the pay structures aren't tied to cs pay structure. Meanwhile posties go on minimum wage... Quote Link to comment Share on other sites More sharing options...
Moghrey Mie Posted April 13, 2016 Share Posted April 13, 2016 Interesting to read from Govt that one of the reasons the Govt operated Post Office can't move forward without corporatisation is "the Civil Service ethos"... What is it they want do at IOM Post which they can't do at the moment? Quote Link to comment Share on other sites More sharing options...
Lxxx Posted April 13, 2016 Share Posted April 13, 2016 Interesting to read from Govt that one of the reasons the Govt operated Post Office can't move forward without corporatisation is "the Civil Service ethos"... What is it they want do at IOM Post which they can't do at the moment? Operate at a profit? Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted April 13, 2016 Share Posted April 13, 2016 Interesting to read from Govt that one of the reasons the Govt operated Post Office can't move forward without corporatisation is "the Civil Service ethos"...What is it they want do at IOM Post which they can't do at the moment? Indeed. Post is regular and reliable. Trouble is, they are duty bound to pay Treasury £2M a year regardless. So privatise and get rid of those pesky pensions and conditions? Quote Link to comment Share on other sites More sharing options...
pongo Posted April 13, 2016 Share Posted April 13, 2016 Interesting to read from Govt that one of the reasons the Govt operated Post Office can't move forward without corporatisation is "the Civil Service ethos"...What is it they want do at IOM Post which they can't do at the moment? Operate at a profit? They do. https://www.iompost.com/about/annual-review-and-accounts/ Quote Link to comment Share on other sites More sharing options...
forestboy Posted April 13, 2016 Share Posted April 13, 2016 Interesting to read from Govt that one of the reasons the Govt operated Post Office can't move forward without corporatisation is "the Civil Service ethos"...What is it they want do at IOM Post which they can't do at the moment? Operate at a profit?They do.https://www.iompost.com/about/annual-review-and-accounts/ And they have to give Government £2 million. Quote Link to comment Share on other sites More sharing options...
pongo Posted April 13, 2016 Share Posted April 13, 2016 In defence of ‘tax havens’: offshore banking is not the same as dodgy dealing - The GuardianProviding some balance. Most international financial centres are now well regulated and transparent, and the global financial services sector provides a much needed and in-demand service for individuals, businesses, organisations and charities all over the world. It is a sector that is set to grow exponentially as the world becomes increasingly globalised. Quote Link to comment Share on other sites More sharing options...
notwell Posted April 13, 2016 Share Posted April 13, 2016 As I said the other day this should be positive for the island. And you be certain the Guardian have been told to provide some balance by the powers that be. Quote Link to comment Share on other sites More sharing options...
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