Venezuela’s President Nicolás Maduro introduced a 9% tax on private companies to bolster the country’s pension fund. This tax, calculated on the total amount paid to employees, includes both salaries and non-salary bonuses. The goal is to address the challenges faced by Venezuela’s pension system, weakened by years of economic crisis and international sanctions. This […]
Related Posts
Oil Prices Drop as Israel Reduces Troops in Southern Gaza
Oil prices saw a decline on Monday as tensions in the Middle East eased following reports that Israel had scaled back its ground forces in the southern part of the Gaza Strip. This development comes after oil prices surged last week. On the NY Mercantile Exchange, May delivery WTI dropped 0.55% ($0.48) to $86.43/barrel. Similarly, […]
Small businesses in Brazil suffered losses of around US$5 billion due to COVID-19
A study conducted by Sebrae and Ipea, based on data from IBGE, reveals that 716,000 small businesses closed between March and June 2020 due to the COVID-19 pandemic, resulting in losses totaling R$ 24.1 (around US$5) billion. The trade and services sectors were particularly affected, and the real impact of the pandemic may be even […]
Walmart Mexico Faces Antitrust Resolution: Regulatory Decision Expected to Shape Retail Future
Walmart Mexico’s antitrust investigation has entered a crucial phase as the retail giant awaits the Federal Economic Competition Commission’s (Cofece) final decision. The company now expects the resolution during the fourth quarter, adjusting their earlier October timeline. The retail leader recently participated in an oral hearing with Cofece commissioners on September 30th. During this meeting, […]