Honduras: Security Tax Now in Effect

The controversial charge on bank transactions of over $3000 is now in effect in the country

Tuesday, July 12, 2011

Despite the strong opposition generated by the private business sector, Honduran Congress has passed the security tax bill, which applies to some banking transactions. Funds raised will go towards strengthening measures to combat insecurity in the country.

An article in Proceso.hn states: "The fund will be used by a trust which will be administered by government representatives, the business sector and society.

The publication in the official newspaper of this law appears as the ‘Ley de Seguridad Poblacional’ (Law on Population Security), dated July 8, 2011. "

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