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Thursday, March 15, 1973

Referring to the estimated $1,265 million revenue from earnings, and

profits tax in the coming financial year, Mr. Ann said he wondered whether the

Government could actually realise such a large amount.

Although many more people were liable to tax, he said, it was

questionable whether the percentage of business profit margin for 1972 had

really improved that much from the 1971 base.

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