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Portugal jobless rate to hit 16.4% as income tax hike set for 2013

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Portugal Finance Minister Vitor Gaspar Portugal finance minister announces an income tax hike for the 2013 budget as the unemployment rate is expected to hit 16.4% the same year. On Wednesday, the Portuguese Finance Minister Vitor Gaspar had announced that the average tax hike would rise from 9.8 percent to 13.2 percent in 2013, adding that the unemployment rate is also expected to rise from 16 percent... 
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