The problem comes in the measures the bill deems necessary to make up for the shocking withdrawal of the subsidy.

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This affects all US companies and we are confident that the necessary measures will be taken to make it easier for foreign investors to set up a physical presence in the country.

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Iraq's interim government offered an amnesty to some insurgents, while announcing tough emergency measures, including laws enabling it to impose curfews, make searches and detain suspects in some areas for up to 60 days.

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In contrast, Conservative ministers tend to talk about the importance of supply side measures - ways to make it easier to do business and create jobs by, for example, speeding up planning applications or minimising government regulations.

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The reforms also include measures to stimulate economic activity and improve competitiveness in Spain, such as an expansion of tax cuts for small and medium sized companies, and measures to make it easier to set up new firms.

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The Budget contained two significant measures: new planning guidance to make it easier for operators to explore and a tax break to cushion start-up costs.

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