The British Overseas Territories – ISLE OF MAN

The United Kingdom is a unitary state comprised of four constituent countries: Scotland, Wales, England and Northern Ireland. It is governed by a parliamentary system with its seat of government and capital in London but with three devolved national administrations in Edinburgh, Cardiff and Belfast, the capital of Scotland, Wales and Northern Ireland respectively. It is a parliamentary monarchy Elizabeth II being the Head of State. Colloquial and wrongly called Great Britain and England, due to the greater weight of both (territory and kingdom respectively) within the state. The Crown Dependencies of the Channel Islands and the Isle of Man are not part of the country, but are integrated into a personal union with him

The British Overseas Territories are fourteen territories belonging to the United Kingdom not form an integral part thereof. It is not colonies that became independent or who voted to remain British territories. Ten of those territories are in the list of the Special Committee on Decolonization of the United Nations Organization. These territories must be distinguished from the offices of the -islands Corona del Canal (Jersey and Guernsey) and the Isle of Man-, which have a different status with regard to the UK. Today most dependent territories are not directly administered by the United Kingdom but have their own government that administers, and the UK is responsible for its protection, foreign relations and business affairs.

Isle of Man

The Isle of Man is a Crown Dependencies autonomous government formed by a main island and several small islands located in the Irish Sea between Ireland and Britain. The ruler of the island is Queen Elizabeth II, as Lord of Man. The Lord of Man is represented by the Governor General. The island is not part of the UK, but its international representation, defense and good governance are the responsibility of the government of this country.

The_View_From_Douglas_Head,_Isle_Of_Man.
The View From Douglas Head, Isle Of Man.

The Isle of Man has one of the fastest growing economies in Europe and is in its twenty-sixth year of continuous growth. Even during the economic crisis of recent years, the GDP of the island grows by 2.5% per year in real terms and is approximately 2 billion pounds.

The island attracts business outside thanks to its policy of low taxes and financial regulation. The International Monetary Fund has said that the island’s defenses against money laundering from criminal activities comply with global standards and that the island is cooperating in the fight against international financial crime.

On the island charge no wealth tax, tax stamp duty or inheritance tax, 33 and income tax has a maximum of 20%. The maximum amount an individual can pay tax on the island is £ 100,000 or £ 200,000 for a couple decides if you are charged the taxes altogether.

The economic growth of the Isle of Man to the growth of the banking and insurance sector whose main regulatory body “Insurance and Pensions Authority” (IPA) is responsible for regulating the insurance market and pension.

Three Legs of Man

The national symbol of the island are the Three Legs of Man. They were used as a national symbol for the first time in the fourteenth century. The symbol is a trisquel, three armed legs, bent at the knee and joined in the thigh, running around clockwise and the Latin motto ‘Quocunque Jeceris Stabit’ (‘Be that the tires remain standing’). The slogan is a representation of independence and resistance of the inhabitants of the island. The symbol also appears on the coat of the island, also accompanied by the national motto, a peregrine falcon on the left and a raven on the right.

Coat_of_arms_of_the_Isle_of_Man
Coat of arms of Isle of Man (Latin motto translates “Wherever you throw it, it will stand”)

The Peregrine Falcon is is a large hawk, the size of a crow, with blue-gray back and whitish lower part with dark spots; the head is black and has a wide and distinctive mustache also black. It can fly at a cruising speed of 100 km / h, but when hunting making a diving attack can reach over 300 km / h, making it the fastest animal in the world.

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Sources:

www.wikipedia.org

 

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