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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