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Peru President Says He’s Willing to Ease Tax Burden on Business

Peru is willing to reduce taxes on companies that create jobs to help revive the slowing economy, President Ollanta Humala said on Wednesday. Peru's economic growth has fallen to five-year lows as its mineral exports tumbled on lower global prices and weaker production. Interest rate cuts earlier in 2014 and several other reform packages have failed to jumpstart growth. Humala also said his government was looking to inject liquidity into the local market and bolster consumer demand...

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