Industries and markets

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.”

Colombia condemns ‘plot’ to kill president, arrests Venezuelans

“Colombia’s foreign minister condemned an alleged plot to kill President Ivan Duque on Saturday and said three Venezuelan citizens had been arrested in possession of weapons.”  

Video: How will Brazil’s Jair Bolsonaro impact the world?

“The incoming leader of South America’s biggest economy is a hard-right populist with an affinity for the military dictatorships of the country’s past. But what does his taking office mean for the rest of the

Video: Jair Bolsonaro – Brazil’s far-right leader sworn in

“Brazil’s far-right president, Jair Bolsonaro, was sworn in on Tuesday during a ceremony in the capital Brasilia, likely marking the beginning of a hard conservative shift in governing Latin America’s largest economy and most populous nation.”

Brazil: Combination of 9 Taxes in 2019

After the Comissão da Câmara has approved the new tax bill on Friday, December 21st, 2018, it will now be channeled to the plenum of the House and then to the Senate. While the reform

Colombia`s Congress passes watered-down Tax Reform

On Wednesday 19th, 2018, the Colombian Congress has passed a weakened version of the proposed tax bill. Only half of the expected tax revenue could be enforced.   Fiscal Budget 2019 The decision about the

Nestlé announces US $154-million plant in Veracruz

” The Swiss food and drinks company Nestlé announced a US $154-million investment in Veracruz during a meeting yesterday with President López Obrador. The company plans to install a coffee processing plant that will create

New e-Invoicing Models in LATAM in 2019

Multiple Latin American countries such as Guatemala, Panama or Paraguay develop their own e-Invoicing models. They follow their regional neighbors with more sophisticated e-Invoicing systems such as Mexico, Brazil or Chile.   The most important