A giant economic experiment at Argentina’s southern tip is starting to flag. To lure people to this wild corner of the Earth, it exempted firms and residents from most taxes.
Trump appeared to embrace a proposal by House Republicans that would impose a 20 percent tax on all imported goods. Many businesses in industries such as retail and energy, which rely heavily on imports, were in a panic.
President Trump’s proposed border tax on imported vehicles could throw a wrench in the profit machine, particularly for G.M. and Fiat Chrysler, which build a large percentage of their pickups in Mexico
Peru’s government has signaled that it will reject a law from the opposition-controlled Congress to ease terms of tax payment for small and medium-sized businesses.
The Colombian congress presented an initiative to raise taxes on imported liquor, the move has its detractors and its supporters.
The IMF recommends the country not only to decrease expenditures but to increase taxes and continue to conduct structural reforms.
Ecuador’s government is working on a reform package that will raise the taxes on cigarettes, alcoholic beverages and soft drinks to cover the budget deficit created by the drop in the price of oil, the Andean nation’s top export product
Ecuador’s Minister of Foreign Relations opened up about Ecuador’s relation with tax havens, and expressed the governments distrust in them.
The middle class, social security, and the economy in the region could be affected