Peru Stock Tax Exemption to Help Keep MSCI Ranking, Segura Says
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Peru is taking steps to exempt more liquid stocks from capital gains tax to boost trading and avoid being reclassified as a frontier market by MSCI Inc., Finance Minister Alonso Segura said.
The tax has affected trading volumes in a stock market hurt by a commodities slump and reduced appetite emerging market assets since 2012, Segura told lawmakers Wednesday.