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Brexit could blow €20bn hole in EU budget, warns European commissioner

Britain’swithdrawalfromtheEUcouldleavetheremaining27countrieswitha€20bnayearholeintheirbudget,requiringadditionalEUtaxestofillthegap,theEuropeancommissionhassai

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China to enhance export-tax rebate service

China's tax watchdog on Monday promised to improve the export-tax rebate service in a bid to facilitate foreign trade.