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"The work-life balance was at the heart of it," adds de Wit, who disagrees with the suggestion that their staff are now doing less work for the same amount of money. Instead he puts it down to "working smarter not harder".

The federal government collected more than $130 billion in the now-defunct tariffs through mid-December and could ultimately be on the hook for refunds worth $175 billion, according to calculations by the Penn Wharton Budget Model.

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This story was originally featured on Fortune.com

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