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WORTH THE LOSS: Senator and Minister of Economic Affairs Michael Halkitis said Thursday that the Government could forgo up to $15 million in revenue following the removal of Value Added Tax (VAT) on all unprepared food items. Halkitis was responding to questions from reporters during a briefing at the Office of the Prime Minister. He said, however, that the Government is projecting continued economic growth, which is expected to help offset the revenue loss through increased overall collections.
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