Isle of Man,
Definition of Isle of Man:
Tax-haven island in the Irish sea. Though its sovereignty was purchased by the British crown in the 18th century, it has never been a part of the United Kingdom. Isle of Man has an autonomous parliament, civil law (as opposed to the UKs common law) based legal system, and its own currency which is interchangeable with sterling. The UK government is responsible for its defense and foreign relations but not for taxation policies.
Meaning of Isle of Man & Isle of Man Definition