Jostling For A Share Of The Tax Amnesty Fund
Tuesday, July 26, 2016
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It has been one week since the tax amnesty law became effective. The legislation, which creates a mechanism to bring tax evaders back into compliance with the law, will require individuals and companies to repay taxes and pay fines. Incoming funds will be channeled through a number of banks and the money will be managed by investment managers and securities firms. The finance ministry has assigned 19 banks, 18 investment managers and 19 securitie
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