Industries and markets

Business, analysts doubtful about refinery plan, warn of financial risk

“If specialized international firms can’t make it work, can a government do so with little or no experience?”

Argentina: Doubled VAT fee and temporary Import Fee

VAT Increase From now on, according to the AFIP, the VAT rate on imports of certain goods will increase from 10% to 20%. This is the result of General Decision No 4461/2019, published in the

Brazil: Why the tax reform depends on the pension reform

The most sensitive issues of the new Brazilian government are the long overdue tax and pension reform. But which of them has priority? During a public hearing of the Human Rights Commission (CDH) on Monday,

Bolsonaro denies he’s a racist and that racism is a problem in Brazil

“Racism is an insignificant problem in Brazil, according to President Jair Bolsonaro, who has been accused of not just racist but also homophobic and sexist comments in the past. Bolsonaro spoke to Rede TV in

Argentina auto exporters will receive a 6.5% tax refund for sales to Mercosur

“Argentina will give its auto exporters a larger tax rebate to help stimulate the flagging local sector that has been hit hard by a consumption slump and economic crisis in Latin America’s No. 3 economy.”

Argentina’s recession steams on: industrial output in March dropped 13.4%

“The fall in output, an early indicator of growth data, was the 11th straight month of declines since the middle of last year when South America’s No. 2 economy was hit by a debt crisis,

Macri hopes to strike a political understanding with arch rival Cristina Fernandez

“Interior Minister Rogelio Frigerio told local radio on Monday that the government wanted to negotiate a “basic consensus” with the Peronist opposition over the country’s direction and intended to invite Cristina Fernandez, a divisive figure

Brazil: Online-Consultation for eSocial and DCTFWeb now available

As of now, the Brazilian government offers an online consultation tool for eSocial and DCTFWeb. Using this tool, ax payer can find out if and to what extend they have to submit company information to

Prosecutor requests 20 years in jail for ex-Peru president

“Prosecutors in Peru alleged Tuesday that they have gathered overwhelming evidence implicating former President Ollanta Humala in Latin America’s biggest graft scandal and will seek a 20-year sentence for the former head of state.”

Hundreds march in Rio to protest education federal funding cuts by Bolsonaro’s administration

“Hundreds of students and professors protested against public education funding cuts outside a military high school in Brazil where far-right President Jair Bolsonaro was attending a ceremony. Bolsonaro’s conservative government sparked outrage last week when