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<p>In the Safeguarding the Union Command Paper, the UK Government committed to a rapid,
focused process, on the implementation of corporation tax devolution through a new
Joint Exchequer Committee.</p><p>The Committee will take forward urgent work on this
process. However, the devolution of corporation tax alone will not solve the financial
challenges facing Northern Ireland. The Executive needs to make difficult decisions
around revenue-raising and public service transformation to put Northern Ireland’s
finances on a sustainable footing.</p>
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