Industries and markets

Mexico: 2020 Tax Reform

On December 9, the law for a new tax reform was published in Mexico. In addition to combating tax evasion, the reform also aims to expand the tax base to increase tax revenue. In particular

IMF releases loan tranche to embattled Ecuadorean government

“The International Monetary Fund on Thursday approved a delayed loan tranche for Ecuador, releasing nearly US$500 million under a three-year aid program. The IMF board gave the go-ahead for a US$4.2 billion loan in March

IMF releases loan tranche to embattled Ecuadorean government

“The Bank of México has not cut rates at four consecutive board meetings since 2009, when rates were lowered on seven consecutive occasions. One member of the bank board voted on Thursday to reduce the

Argentina’s credit rating downgraded to near-default by Fitch and S&P

“While the downgrades leave Argentina just one step away from the ninth default in its history, yields on the country’s bonds have fallen to two-month lows. Prices on Argentina’s century bonds climbed 4.4 cents over

Argentina appoints team for talks with creditors to renegotiate massive sovereign debt

“The “external debt sustainability management unit” was created in the context of the government’s sweeping economic bill, which was passed by the Senate on early Saturday, according to a statement by the Secretariat of Finance.”

Chile: New Version of Tax Schemes Catalog

The Chilean tax agency SII has published the fourth edition of the tax scheme catalog which incorporates 17 new cases. The new tax events address situations with a high potential risk of tax noncompliance, to

Brazil’s Country Risk Falls to Lowest Level in Nine Years

“The Credit Default Swaps (CDS) work as an informal thermometer of the probability of a country defaulting on the global financial market over the next five years.”

US, Mexico quickly mend rift over North American trade deal

“At issue are five labor attaches the United States intends to send to Mexico to oversee the Mexican government’s labor reforms. Those plans were revealed Friday when the U.S. published the implementing legislation for the

Brazilian Government Plans to Auction 44 Infrastructure Assets in 2020

“Among the projects are the concession of 22 airports (divided into three blocks) to the private sector, seven highways, nine port terminals, two railroads, and the renewal of four rail freight transportation contracts.”

Argentine Government Plans Heavy Rise in Taxes, from Agribusiness to Tourism

“President Alberto Fernández calls on Congress to grant him “special powers” to renegotiate foreign debt. The first measure was a decree affecting agricultural exports, Argentina’s main source of foreign currency.”