Industries and markets

Chile: Tax Reform in Response to Protests

In Chile, recent weeks have been marked by anti-government demonstrations and strikes, to which the Chilean government is now responding with proposals to raise taxes for multinational companies and investors.   What is the goal

Mexico: New Tax Reform in 2020

At the end of October 2019, the Mexican Congress passed the new Tax Reform Act for 2020. It includes changes regarding:   Income Tax Law VAT Consumption Tax Act Federal Tax Code The new regulations

BRICS summit condemns protectionism and pledges to overcome challenges faced by multilateralism

“The joint declaration by BRICS countries – Brazil, Russia, India, China and South Africa – came on the second day of the annual gathering, which Brazilian host President Jair Bolsonaro used to boost ties with

Chile locked in dispute over who will draft new constitution

“President Sebastián Piñera’s plan relies on current legislators but the opposition says citizens need more input. Members of the National Renewal Party, part of the ruling coalition, and the Christian Democratic Party agree “there isn’t

Germany and Brazil renew nuclear cooperation agreement; third nuclear plant to be built by 2026

“Materials for the Angra site, named for the coastal city of Angra dos Reis where it is to be located, have been in storage for decades. Many of its components were produced in Germany.”

Mexico: Tax Reform 2020 levies VAT on Digital Platforms

The Mexican Congress passed a tax law reform package for 2020 on October 31, 2019. This law contains, among other things, amendments to the Value Added Tax Act.   What changes in terms of VAT

Brazil: Commission approves new Model of Tax Incentives for IT

The Committee on Science and Technology, Communication and Informatics of the House of Representatives approved Bill 4805/19, which provides for a new model of tax incentives for information and communication technology (ICT) companies and investments

Chilean popular discontent spills over to the country’s elite

“The widespread feeling is that the elite have many privileges, especially access to justice,” said Sofia Donoso, a sociologist at the University of Chile. In that regard, “the feeling of impunity linked to the corruption

Hundreds cheer Lula da Silva as he walks from jail a free man

“Late Thursday, the Supreme Court overturned a rule requiring convicted criminals to go to jail after losing their first appeal. Lula is one of several thousand convicts who could benefit from the decision.”

Brazil Hosts BRICS Country Heads at Summit Meeting Next Week

“Leaders from Brazil, Russia, India, China, and South Africa will be attending the closing of the BRICS Business Forum, which will include 500 entrepreneurs, and will close with dinner at the Itamaraty Palace in Brasília.”