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Economy health warning - more tax without the necessary steps to curb out-of-control public spending will devastate the country Back  
Tax is a cost of production, and therefore measures to close the Budget gap through tax without the necessary first steps to curb the country’s grossly out-of-control public expenditure levels are really calls for “spend and tax”. So large is the spending gap that measures to solve the problem through tax will sink the economy into a vortex that will destroy all the gains of the past twenty years.

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