Industries and markets

Brazil: Potential Pitfalls of the new Financial Transaction Tax

The Minister of Economy, Paulo Guedes, gave public support to the creation of a federal tax on financial transactions. The new tax is called the Social Contribution on Transactions and Payments (CSTP) and is aimed

Colombia blames Maduro for sheltering reemerging Farc guerillas

“Amid a months-long international standoff over Mr Maduro’s leadership, the guerrillas’ reactivation is now being cited as reason to remove him by force.”

President Jair Bolsonaro limits ban on land-clearing fires in Brazil to Amazon only

“Brazilian President Jair Bolsonaro is partially backtracking on a decree that banned most fires for land-clearing for 60 days, now saying the ban will only apply to the Amazon region. The government on Friday published

Kirchner: Macri is “Bad Human Being to Society” in Argentina

“During her first appearance since primaries, Cristina Fernandez de Kirchner says Macri responsible for Argentina’s economic and societal woes, calls the incumbent a ‘bad human being’.”

Mexico’s President Faces Inside Pressure to Soften His Oil-Industry Stance

“Officials within Andrés Manuel López Obrador’s government are pushing him to give private investors a bigger role.”

Brazil: How to apply Transfer Pricing Rules

Brazil`s Board of Tax Appeals (CARF) is currently debating how the rules on transfer pricing should be applied. These rules aim to prevent the evasion of currencies and profits by combating under-invoicing in exports and

Despite losing lawsuit, Colombia will only return US $19 million

“A World Bank court ordered Colombia to reimburse a fine of $ 19.1 million that it imposed on Prodeco, a Glencore mining subsidiary, but rejected a claim for damages from the company for $ 575

Bolsonaro will join with other Amazon countries to set a common policy to protect the rainforest

“In an indication that Bolsonaro, a far-right conservative, is forging closer ties with neighboring countries than with European nations, he accepted Chile’s offer of four aircraft to help fight the fires sweeping through the world’s

Mexico’s “Teflon” presidency starting to show wear

“Mexico’s drug war has burst into flames again, the economy is flat, the health care system is creaking and President Andrés Manuel López Obrador — facing the wrath of U.S. President Donald Trump — has

Mexican president claims he was spied with a “sophisticated camera”

“What do they achieve by doing that? Everything we discuss is completely legal and transparent. There’s nothing they could use against us,” Lopez Obrador said”