The Island's new tax strategy could be ready for February's Tynwald sitting.
Treasury Minister Allan Bell made the announcement in response to a question from Rushen MHK Juan Watterson.
Explaining the delay, Mr Bell (pictured) referred to the "rapid change in the Island's fiscal circumstrances, as a result of the reduction in VAT, rapidly falling interest rates and the worstening external economic conditions".
He went on:
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Joint announcement aims to set agreed future direction on matter
