Isle of Man International Business School Isle of Man International Business School The Isle of Man International Business School () is an institution of higher education on the Isle of Man. The Business School is located in the Nunnery mansion estate, close to the island's capital Douglas. It provides various academic degrees and professional qualifications in many different areas of business and finance, to students from all around the world. The building changed its use in 2012. From a standalone institution, it has become a campus of the Isle of Man College dedicated to higher education. In 2016, the college changed its name to University College
Economy of the Isle of Man and taxed on a total worldwide income basis rather than on a remittance basis. This means that all income earned throughout the world is assessable for Manx tax, rather than only income earned in or brought into the Island. The standard rate of corporation tax for residents and non-residents is 0%; retail business profits above £500,000 and banking business income are taxed at 10%, and rental (or other) income from land and buildings situated on the Isle of Man is taxed at 20%. Trade is mostly with the United Kingdom. The Isle of Man has free access to European Union