Egypt seeks to ease investor fears over tax
By Heba Saleh in Sharm el Sheikh
Published: May 20 2008 03:06 | Last updated: May 20 2008 03:06
Egyptian ministers have sought to halt falls in the local stock market by assuring investors there are no plans to impose a capital gains tax.
The declines in the Cairo and Alexandria stock exchange began this month after the government adopted a series of measures to raise extra revenue to fund a salary increase for the public sector.
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