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Nicolás Maduro proposes tax on companies in Venezuela for new state pension fund

The Venezuelan government is proposing a tax on private companies of up to 15% of their paid wages for the creation of a state pension fund.

Under the bill presented by the Vice President Delcy Rodriguez The contributions would be paid into the public system on Thursday and deducted from income taxes. Some strategic sectors will be exempt, according to a draft seen by Bloomberg, without specifying which ones.