The Brazilian Congress is debating changes related to taxing offshore accounts. This has been proposed as a countermeasure for potential revenue losses from raising the personal income tax exemption limit, a campaign pledge by President Luiz Inácio Lula da Silva. Proposed modifications to the current salary adjustment draft are being perceived as extraneous to the […]
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Ministers Alexandre Silveira and Marina Silva highlighted Brazil’s green objectives at an event in New York. The National Industry Confederation CNI and the Federation of Industries of the State of São Paulo Fiesp organized the gathering. Firstly, Silveira declared Brazil aims to be a leader in green hydrogen. He encouraged local companies like Vale and […]
Braskem’s Reckoning: Federal Police Indict 20 Over Maceió Ground Sinking Disaster
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Venezuela’s Inflation Shift
In 2023, Venezuela saw its inflation rate drop to 193%, a significant change that might reposition it below Argentina in global rankings. Led by Nicolás Maduro, the nation experienced a 3.9% price rise in December, concluding a year of substantial economic shifts. The Venezuelan Finance Observatory (OVF) provided these insights. This private entity’s data has […]