The Isle of Man, an island on the sea between England and Ireland, is a royal dependency of the United Kingdom and one of the three largest royal dependencies of the United Kingdom. The autonomous government of the island has a long history. In the 10th century AD, they had their own parliament, with Douglas as the capital.
The Isle of Man is a self-governing and independent area independent of Britain. It has its own income tax, import tax and consumption tax services. It has always been a region independent of the UK and charged low taxes. Low corporate tax and personal tax, as well as no inheritance tax, make the region a famous international offshore business center in the world.
The traditional industries of the Isle of Man, such as agriculture, fishery and tourism, have developed steadily. The emerging financial and service industries have injected new strength into the island's economic prosperity.