Industries and markets

AMLO launches ambitious economic plan on the Mexican side of the border

“President Andrés Manuel López Obrador launched an ambitious plan Saturday to stimulate economic activity on the Mexican side of the U.S.-Mexico border, reinforcing his country’s commitment to manufacturing and trade despite recent U.S. threats to

GM overtakes Nissan as Mexico’s No. 1 auto maker

“The United States manufacturer made 801,163 light vehicles in Mexico to the end of November last year, a 9% increase on 2017 numbers. It was also the top auto exporter from Mexico, with over 775,000

Video: Challenges facing Brazil’s new president

“Brazil’s new far-right President Jair Bolsonaro has been busy since he was sworn in. Among other things, he signed an order to make it impossible to create more indigenous reserves. But he faces a formidable

Brazil: Regulatory News 2019

The new government under Jair Bolsonaro has already announced a tax reform for 2019. Until this will be outlined and passed, a “regulatory calm” can be expected – at least in terms of Brazilian standards.

Brazil: exemption form 4% ICMS tax on interstate sales for imported goods

In Resolution 13/2012 of the Federal Senate, the application of the 4% ICMS rate on interstate sales of imported goods has been outlined.   However, the 4% rate will not be levied on the following

Brazil: Economic measures of the new government

The new economics minister of Brazil, Paulo Guedes, promised a “flood” of new measures within the next days. “There will not be a shortage of news”, he said. According to his speech, the government will

Brazil’s Bolsonaro targets minority groups on first day in office

“Newly installed far-right President Jair Bolsonaro issued executive orders targeting Brazil’s indigenous groups, descendants of slaves and the LGBT community in the first hours of his administration, moving quickly after a campaign in which the

Soldiers, marines to watch over petroleum facilities in new security scheme

“The federal government will deploy 4,000 soldiers and marines to guard the nation’s oil refineries and petroleum storage facilities to combat fuel theft, President López Obrador announced today. All told, 57 facilities will be protected

Argentina: Decree detailing tax reform for businesses

On December 27th, 2018, Decree 1170/80 was published which details implementation measures for the tax reform introduced in 2017. Specifically the decree outlines rules for transfer pricing, taxation on financial investments, indirect transfer rules for

Bond buyback declared a success, ‘clears the way’ for Santa Lucía airport

“The federal government’s offer to buy back US $1.8 billion in bonds issued to fund the cancelled Mexico City airport project has received “overwhelming support” from bondholders, the Secretariat of Finance (SHCP) said yesterday.”