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Budget Speech

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74.       I propose to waive rates for the first two quarters of 2007?8, subject to a ceiling of $5,000 per quarter for each rateable tenement.  It is expected that 99 per cent of domestic properties and 86 per cent of non-domestic properties will be subject to no rates in these two quarters.  This proposal will cost the Government about $5.2 billion in 2007?8.


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2006 | Important notices

Last revision date : 28 February, 2007