El Salvador Congress approves fiscal reform with higher taxes for business
Thursday, December 15, 2011
El Salvador's Congress passed a fiscal reform package that aims to increase the nation's tax take.
The package aims to reduce the fiscal deficit from 3.5 to 2.5 percent.
The reforms include a 5 percent increase on taxes paid by companies with profits of more than $150,000 a year.
Original source (in Spanish): Reuters