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“There is no business that can sustain a doubling of the tax rate,” Cooke told the Herald in February.
One option Treasury has considered is a staggered introduction of the duty rate increase, which would mean The Star would have a longer period to contribute the $364 million, so it can stabilise its short-term position free from the pressure of a higher tax burden.
Mookhey said in April he did not think Kean’s proposal had been properly developed, and called out the former deputy…
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