Reported about 5 hours ago
Peru's new finance minister, Jose Salardi, is introducing tax incentives focused on agriculture, forestry, and fishing, along with plans for a special economic zone near the new Chancay port. Salardi aims to bolster economic growth to 4% in 2025, which would be the fastest rate since 2018, while also working to reduce the fiscal deficit. Advocacy for tax breaks, particularly for agribusiness, is met with criticism, but Salardi believes these measures will generate jobs and industry, counterbalancing any potential tax losses.
Source: YAHOO