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Paper 1Short Answer and Data Response1 marks
The government has recently increased taxes on corporations to fund public services.
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Impact of Tax Increase on Businesses
The government has announced a tax increase on corporate profits. This decision aims to generate additional revenue for public services, such as healthcare and education. Businesses are concerned about how this will affect their profitability and investment strategies.
- a[1]
State one potential impact of the tax increase on businesses.
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