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    Treasury says taxing property deals in the UK is 'fair'

    Chancellor George Osbourne

    Changes to property taxation in the UK Budget is 'fair':

     
    That's the Treasury Minister - who says the UK Chancellor is right to withdraw from a treaty allowing Isle of Man-based companies a tax exemption on UK property deals.
     
    Corporate service providers have been slammed with a tax increase from zero to 20 per cent in a landmark move.
     
    Government agrees the strategy provides greater competition both on and off-Island - Eddie Teare explains his position: 
     

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