Socialists Spur Wave of Early Dividend Payments in Portugal
(Bloomberg) -- Jeronimo Martins, Sonae among five companies that unexpectedly raised dividends last month as Portugal’s new Socialist government threatens to curtail a measure granting tax breaks on dividends.
* Prime Minister Antonio Costa reviewing tax break introduced
last year that exempts investors holding at least 5% stake
in Portuguese cos. for more than 2 yrs from paying taxes on
* Costa planning to raise threshold to 10% stake Story Link:NSN NYN1ND6KLVRF<GO>
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