Industries and markets

Brazil: How a half-baked Tax Law could threaten Delivery Apps

New Law for Digital Platforms and the ICMS Tax In Brazil, delivery apps such as iFood, Rappi and Uber Eats are on the rise. The Treasury does not want to look inactively at this development

U.S. Supreme Court Rejects Argentina on YPF Shareholder Suit

“The U.S. Supreme Court rejected appeals from Argentina and its state-run oil producer YPF SA, clearing the way for a shareholder lawsuit to go forward over the 2012 nationalization of the company.”

Bolsonaro to meet President Xi for the first time next Friday in Osaka

“Fire-brand Bolsonaro has softened his stance on Brazil’s largest trading partner since taking office in January and will meet with Xi for 40 minutes on Friday morning before the summit of leaders of the world’s

Lula’s habeas corpus request postponed with no date set

“The request is based on a complaint that Sergio Moro, the judge who convicted Lula, was under suspicion and acted with bias against the ex-president.”

The Economist: “In Argentina, the IMF has been neither toxic nor triumphant”

“Argentina’s government, led by Mauricio Macri, has slashed its fiscal deficit, aiming to balance the budget this year, excluding interest payments and some capital and social spending approved by the IMF. That austerity has helped

Brazil central bank leaves benchmark rate at 6.50%; forecasts of 5.50% by December

“Market expectations of rate cuts this year are building. A weekly survey by the central bank showed that economists now expect the Selic rate to end the year at 5.75%.”

Unemployment in Argentina jumps to 10.1% in the first quarter of 2019

“This is the highest level since current president Mauricio Macri took office, and the worst in thirteen years.”

For the next 19 years, passenger tax will pay off debt of abandoned airport

“Planning to use Mexico City International Airport (AICM) during the next two decades? Be prepared to help pay off government debt.”

Argentina lines up for the August primaries; three leading presidential tickets

“These names, tickets and slates will be disputing the so called PASO primaries, open, simultaneous and mandatory, next August 11, and those who manage more than 1.5% of votes in this dispute, will be able

Brazil: Technical Note brings changes in version 2.5 of eSocial

With the recently published Technical Note 14/2019 some adjustments to the tables are made for the layout of the eSocial report. The following events are affected by changes:   Event Functional Changes Implementation starting S-1000