While business is good now, major long-haul fiber contracts will likely taper off over the next year as fiber capacity meets demand.

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Not long ago, hedge fund billionaire David Tepper indicated the Fed needed to taper its QE program in order to avoid a bubble in equity markets ala 1999.

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Taper relief was a system introduced by Mr Brown in 1998 under which assets that were held for a long time were subject to a lower rate of tax.

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