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IoM must prepare for tax changes 'to protect reputation'

International reforms due to come into force from 2023

The Isle of Man needs to prepare for proposed changes to international tax laws to protect its reputation.

That's the message from a firm in the Manx finance sector after 130 countries, including the Island, voted in favour of plans to introduce a 15 per cent minimum global corporate tax rate.

Government says it will work to adapt to these reforms which are due to come into force from 2023.

Robert Rotherham is a tax advisor for KPMG:

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