The Optimal Approach to Managing Hot Money Profits - Dailynewsegypt

The Optimal Approach to Managing Hot Money Profits - Dailynewsegypt

In my view, imposing any new fees or taxes on profits from so-called “hot money” would be counterproductive and risk undermining the attractiveness and transparency of Egypt’s investment climate as a whole. Recently, a proposal has circulated suggesting the imposition of an additional tax on profits generated from foreign portfolio investment (FPI)—commonly referred to as “hot money”—if withdrawn before three years, citing Brazil’s past experien…