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Mon 09 Sep 2008Cabinet discusses tax increases as part of budget

THE GOVERNMENT is not ruling out tax increases in the budget on October 14th as part of its response to the dramatic downturn in exchequer revenues this year.

In the wake of a six-hour Cabinet meeting yesterday, Minister for Defence Willie O'Dea said that an increase in taxes could not be excluded from discussions given the substantial shortfall in tax income for 2008 and the view that 2009 will be an equally difficult year.

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