Treasury Minister Eddie Teare has revealed fewer than 5,000 companies out of a total of more than 28,000 are owned by Islands residents.
Liberal Vannin MHKs Kate Beecroft, Zac Hall and Peter Karran put a series of questions for written answer to the minister in Tynwald last week.
Mr Teare said a total of 28,249 companies were incorporated on the Island under three pieces of legislation – and in the last available tax year 4,752 of those were wholly owned by Isle of Man residents for income tax purposes.
Mr Teare said another 401 companies were partly-owned by Island residents.
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