Isle of Man: Tax Haven Space Incubator


The Isle of Man: First in Space?
Bauman Blog

Among the surprises: the CVI company that made the laser optics with which NASA’s Phoenix Lander (below) spotted snow on Mars last year. Another Manx company, Odyssey Moon, is competing to win the $30 million (£18.4 million).

Google Lunar X prize by putting a robotic landing craft on the Moon. A third, Excalibur Almaz, is developing space tourism. — each attracted to the island by a special Manx tax provision that imposes zero income tax for space industrialization.

“Later this month the Isle of Man will officially join the space race. Nicole Stott, (left) wife of a Manxman, will begin her four months on the International Space Station. Ms. Stott’s husband, Chris, a space fanatic working for Lockheed Martin in the late 1990s, persuaded the island’s government to file for the orbital satellite space slots to which it was entitled.

In 2004 Allan Bell, the Treasury Minister, needed a headline announcement for his budget and declared a zero corporate tax rate for space activities. The response, he says, was “quite amazing”.

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