Capital controls have come to Greece. According to a report by Greek newspaper Kathimerini, Greece’s government has formally issued a legislative decree instituting capital controls. Capital controls are restrictions on how money can be moved out of a banking system and are typically put in place to avoid a bank run…
SEOUL, June 29 (Reuters) – South Korea plans to offer up to 10 years of tax exemptions for overseas stock investment funds as part of measures to boost its capital outflow to tackle a record current account surplus, the finance ministry said on Monday.
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