Industries and markets
Mexico: Economic Reform Package and Tax Measures for 2020
In September 2019, Mexican President AMLO presented to Congress a comprehensive economic legislation package for the year 2020. He emphasized that the tax burden should not increase, but that tax collection must be strengthened. Consequently, the package also focuses on measures to combat tax evasion. What tax measures does the package contain? These are the…
Read MoreMexico: Taxing Digital Platforms
With its new tax law proposal from September 5th, 2019, Mexico is trying to get a hold of service providers abroad that offer digital platforms. In contrast to businesses that sell goods and services in fixed premises, digital service providers have so far enjoyed significant tax advantages. The new law proposal suggests changes to the…
Read MoreArgentina and Brazil sign auto industry increased integration agreement
“Brazil and Argentina renewed their auto trade agreement on Friday, allowing increased Brazilian exports to its neighbor through 2029 but postponing free trade in motor vehicles between the countries for the next decade.”
Read MoreMexico does not seek control of Zama, the country’s major oilfield discovery in decades
” The Zama oilfield is the largest discovery since the seventies and is adjacent to an area belonging to Pemex and where the find likely extends. “It’s a deposit that is shared with Pemex and there’s no problem,” Lopez Obrador told reporters at his regular morning news conference without going into further detail.”
Read MoreAmazon planning a regional data center in Argentina
“The Seattle-based company is preparing to invest about US$ 800 million in the project over 10 years and will reap considerable tax benefits by locating the data center in the Bahia Blanca-Coronel Rosales districts of the province of Buenos Aires.”
Read MoreArgentine presidential candidate proposes “a national unity government”: ‘option can’t be bad or worse’
“Argentine presidential candidate and ex Economy minister Roberto Lavagna said that the country needs “a national unity government” to overcome the current situation and it’s no option having to choose between “bad and worse”.”
Read MoreAmazon countries sign pact to better protect the rainforest
“According to the “Leticia Amazon pact”, the Amazonian countries will “strengthen coordinated action”, “establish [a] regional cooperation mechanism”, “increase efforts associated with monitoring forest cover”, and “strengthen the capacities and participation of indigenous and tribal peoples”, among other actions. The pact was thin on specifics, however.”
Read MoreEU Countries to Pressure Bolsonaro and Bind Mercosur Pact to Defending Amazonia
“Most European countries are using environmental issues as an instrument of trade pressure against Brazil.”
Read MoreUpcoming Privatizations Attract Swiss Banking Giant UBS to Brazil
“UBS is in talks about cooperation with Brazil’s second-biggest lender Banco do Brasil. The Swiss bank would have a controlling stake to avoid operational hurdles that are common in state-controlled companies in Latin America’s biggest economy, but governance would be shared, the sources added.”
Read MoreBrazil: Update of e-Social implementing Schedule
In line with Brazil`s Ministry of Economy goal to simplify the eSocial tax, social security and labor obligations Digital Bookkeeping System, a new implementation schedule for e-Social has been introduced. What has changed for e-Social? The deadlines for the delivery of the periodic events and the replacement of the FGTS Gathering Guide and Social…
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