Tuesday, 26 March 2002  
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Tax reforms will increase growth and money circulation - Choksy

By Ravi Ladduwahetty

The Government expects additional economic growth and employment generation following the sweeping reforms in the taxation regimes with the abolition of the 12.5 percent Goods and Services Tax (GST) and the National Security Levy (NSL) and replacement with the two band Value Added Tax (VAT) at 10% and 20 % , Finance Minister Choksy told the Daily News in a special post budget interview yesterday.
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