With this news, our government appears to have shaken investor confidence in it and financial markets in addition to dividend-paying investments. We see early evidence of damage to the value of holdings for existing and potential trust investors. Although not yet widespread in its effect, this change has had direct deleterious impact on individuals like you and me.

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Not a month passed. And we have seen a form of back-tracking on the process defined to clarify questions hanging over markets, ... This confuses investors about the integrity of intent and government leadership in both the consultation process and in the stability of our tax and regulatory environment.

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