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Egyptian investors turn to courts to abolish tax on capital gains, dividends
CAIRO (Reuters) – Egyptian investors challenged the government in court on Tuesday over a tax on stock dividends and capital gains, saying it is causing confusion and hampering investment. Traders say the market still doesn’t understand how the tax will be calculated or collected, adding to uncertainty aroused by an indefinite delay to parliamentary elections. The stock market hit a four-month low in early trade. The head of the Egyptian stock exchange complained the tax…
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