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Tuesday, July 31

Financial Times Peru in plan for tax reforms: "Pedro Pablo Kuczynski, economy minister, previously a fund manager in Miami, will present a bill to reduce the general value added tax, known as IGV, to 17 per cent from 18 per cent.
During the election campaign, Mr Toledo's economic advisers proposed cutting the IGV by as much as 2 percentage points, but such a cut was considered too drastic. The bill should take effect in January." Tax codes have a habit of changing every two or three years, at best, and sometimes day to day.



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