PHILIPPINES PRESS-Manila bourse wants IPO tax scrapped - Inquirer

Sun Mar 30, 2014 8:37pm EDT

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The Philippine Stock Exchange is seeking the removal of the 1 to 4 percent tax on the gross proceeds of initial public offerings in the country to encourage more listings, the Philippine Daily Inquirer newspaper reported.

(link.reuters.com/fas97v)

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NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Manila Newsroom; Editing by Subhranshu Sahu)

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