Economy
CMVM submits proposal for Individual Savings and Investment Account to the Government
The president of the securities market regulator (CMVM), Luís Laginha de Sousa, has proposed the creation of an 'Individual Savings and Investment Account' (CIPI) to the government. The proposal aims to incentivize retail investors to move savings from bank deposits into financial markets with a simple, attractive tax framework, aligning with a European Commission recommendation.
Why it matters
This is a legislative proposal for a new type of tax-advantaged investment account; if it eventually becomes law, it could provide a new way for you to manage your retirement savings or long-term investments in Portugal.Correio da ManhãRead original ↗
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