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Thursday, 6 October 2011

How tax reliefs subsidise the rich

Come Budget Day, many taxpayers will be hoping for more tax reliefs on all sorts of expenditure. But do you know such tax reliefs actually favour the rich?
Not only that, they tend to benefit powerful business lobby groups such as private hospitals and insurance companies.
Economist Subramaniam Pillay explains in more detail in an article on the Aliran website ahead of Budget Day.
With policies like these, it it any wonder then that the rich are getting richer?

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