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Tax expert raises autonomy question

Today's VAT revenue sharing announcement will have little impact on the Isle of Man's reputation as an international business centre.

That's the belief of Phillip Dearden, director of tax advisory and accountancy firm PKF.

It's understood the United Kingdom government is set to cut the Island's share of the VAT 'pot' by a further £75 million, with Treasury Minister Anne Craine set to make an announcement in Tynwald.

Mr Dearden says it could make some people question the Isle of Man's level of autonomy:

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