Isle of Man Sea Terminal Douglas Promenade to Derby Castle, which is the Manx Electric Railway's southern terminus, enabling passengers to travel from the Sea Terminal to Ramsey. The Isle of Man Railway operates from the nearby Douglas Station to Port Erin. The station is about a ten-minute walk from the Sea Terminal. Isle of Man Sea Terminal The Isle of Man Sea Terminal (Manx: "Boayl Troailtee Varrey Vannin") is the arrival and departure point for all passenger and car ferries operating to and from the Isle of Man, and is located in Douglas, the island's capital. It is one of the two main gateways
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