Where PowerPoint presentations were utilised the speakers have kindly agreed to provide them here for your information. In addition you can also access information provided by economist, Roger Nightingale.
The Isle of Man as an International Financial Centre
View Presentation (PDF)John Spellman, Director, Isle of Man Finance
Paul Martin, Deputy Assessor, Isle of Man Income Tax
An Overview of the Case Studies
View Presentation (PDF)Martin Redmayne, Conference Chairman
Chairman and Editor in Chief, The Yacht Report
Corporate Structuring
View Presentation (PDF)Andrew Roy, Principal, Baker Tilly Isle of Man Maritime Services
Katherine Ellis, Senior Manager, Equiom Yachting & Aviation
Toby Ward, Partner, Dickinson Cruickshank
Hannah Cash, Solicitor, Rooks Rider
Registry and Flagging
View Presentation (PDF)James Lawson, Partner, Hill Dickinson
Dick Welsh, Director, Isle of Man Ship Registry
Steve Malley, Director, Intertrust Yacht & Aviation Group
Robert Tobin, Director, Dohle Yachts
Crewing
View Presentation (PDF)Andy Jack, Principal Surveyor, Isle of Man Ship Registry
Lucy Medd, Crew Manager, Burgess Yachts
Captain John Percival, John Percival Marine Associates
VAT and Tax
View Presentation (PDF)Adrian Jones, Managing Director, BlackStar VAT Services
Sandra Skuszka, VAT Manager, KPMG LLC (Isle of Man)
Chris Allix, Director, Dominion Marine Corporate Services
George Sharpe, Tax Director, PWC (Isle of Man)
Dennis Maxwell, Collector of Customs and Excise, Isle of Man Government
Aircraft Registration and Management
View Presentation (PDF)Brian Johnson, Director, Civil Aviation Isle of Man
Stephen Mann, Solicitor, Gough Advocates
Aoife O’Sullivan, Partner, Gates & Partners Solicitors
John Hills, Aviation Consultant, Equiom
Martyn Fiddler, Associate Director, Martyn Fiddler Associates
Does the Rally in Stock Markets imply a Revival in Economies?
View Presentation (PDF)Roger Nightingale, Economist
There is a presumption in much that is written by investment strategists that securities markets (equities in particular) anticipate developments in the real economy. Many politicians (probably self-servingly) go along with the chronology. The current rally, they say, indicates we were right to do the things we did. Equity valuations are rising now; living standards will follow suit next year. It ain't necessarily so! A careful analysis of historical data shows that strong economies are double-edged swords: they produce rising profits on the one hand, but provoke rising inflation and interest rates on the other. Equity enthusiasm tends to go hand-in-hand with bond disenchantment. Has that happened on the current occasion? No: bonds have rallied pari-passu with equities. This, therefore, is not typical behaviour. Might it be possible that the economy will (after a mild cyclical rebound) stay secularly dull for a protracted period? Is the model we should be looking at the States in the thirties or Japan in the nineties? Worryingly, depression (after the initial shakeout) is not inimical to improvements in corporate profits or increases in equity valuations. Investors ought to be open-minded. It's possible that the world economy is about to return to "normalcy." But it's possible also that it isn't. Politicians' forecasts are nearly always wrong. Those of economists always.