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The next year, in 1998, major Western tobacco companies agreed to a $206 billion settlement in the United States requiring that they publicly disclose documents showing they had long deceived the public about the harms of smoking

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Largely under the influence of the Hungarian-born economists Nicholas Kaldor and Thomas Balogh, an idiosyncratic Selective Employment Tax (SET) was introduced that was designed to tax employment in the service sectors while subsidising employment in manufacturing

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