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Friday, July 11

Time to foot the bill for settling the teachers' strike

Peru Congress Raises Sales Tax to Pay Roads, Anti-Terror Effort: "The increase in the sales tax, which is imposed on all goods and services sold in Peru, is part of a larger government plan to raise $217 million to pay for a $29-a-month salary increase for about 300,000 schoolteachers, to boost anti-terror measures, build roads and other expenses. About $100 million will come from cuts in government spending. The government also increased selective taxes on fuels, beer and cigarettes." Bloomberg



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