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Taxing Times

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Don't Reverse a Tax Rise

Sephani: There's always a good excuse to cancel a tax rise, isn't there? Government will make the argument that it's finally grasping the nettle as far as dealing with short term pressures on the innate chest caused by pandemic. But taking that aside, i think there'll bea lot of people in the treasury who will be saying, don't reverse this. It would also be extraordinary for the treasury to go back on something like this that's already gone through and led an solderes in the loss.

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