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FIC: New Fiscal Measures Package Puts Investments Under Question Mark

The Foreign Investors Council (FIC) warns on the recent proposals for tax changes, which not only substantially change the tax legislation and introduce a series of new taxes or increases, but also cancel the fundamental principle of the Code that granted a 6-month period needed for businesses to adjust to the new rules. For many of the new fiscal measures it is impossible to estimate the impact accurately; given the precarious situation of the budget and the economy, ...

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