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In this chapter, William Watson challenges Heath's interpretation of the benefits of productivity growth, but agrees with Richard Harris' views on the state of our knowledge about the potential contribution of social programs to productivity growth. Watson tackles Heath's assessment of the...
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income, reversals of provisions and deferred losses and increased by endowments to provisions and that of the tax on personal … income is their gross salary. It tells the truth that it is not tax other than the tax on corporate profits, the tax on … personal income and the registration fee. …
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