ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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PRAVDA-Snuffed Out

offered in the budget speech. It is one thing to say that there were far too many exemptions in the existing legislation or that certain types of assets are difficult to evaluate and quite another to open the net wide and let practically every asset, except a few specified unproductive assets, escape. This is precisely what has now been done leaving behind a sham of a wealth tax on the statute book.

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