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Weekly Report - 7 August 2014 (WR-14-31)

EL SALVADOR: Sánchez Cerén gets tax reform but at what cost?

President Salvador Sánchez Cerén successfully pushed through the legislative assembly a tax reform last week, designed to help finance his government’s social programmes to alleviate poverty. The political opposition and the business sector savaged the new taxes, arguing that they would deter the investment El Salvador desperately needs to jump-start the engine of growth, and push more businesses into the informal sector.

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