| A long-awaited decision on Guernsey's plan to undergo radical tax reforms should be made in February 2006. An extra States meeting has been arranged to debate out how to safeguard the future of the island's economy. The need to keep the finance industry has led to plans to abolish corporation tax. But new taxes are being considered to plug up lost revenues of up to �45m. The decision has been considered so vital that a one-off States meeting will be held beginning on 8 February.
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