Beverly Hills 12/16/2009 3:44:25 AM
News / Business

Peru Congress Approves Tax of Up to 30 Percent on Stock Trading Profits

Finance World News Update by EQUITIES Magazine

Peru’s Congress approved a tax of up to 20 percent on stock profits from investors ho trade the most shares on the exchange. The tax is effective Jan 1 and will affect roughly 300 investors that account for about half of all trades on the bourse.

 

The tax will raise at least 200 million soles ($67 million) annually to be employed for funding infrastructure projects.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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