Chile has recently undertaken a significant operation against tax evasion, resulting in 55 arrests. This extensive campaign targeted over 100 non-existent companies that issued false invoices from 2016 to 2022, accumulating to about $276 million. The Chilean Internal Revenue Service‘s investigation revealed a widespread network of fake invoices used to evade taxes. The fraudsters from […]
Related Posts
Argentina’s Senate Rejects Milei’s Economic Reform
The Argentine Senate recently voted against President Javier Milei’s decree for economic deregulation and freedom. Issued in December, the proposal aimed to simplify economic regulations but was rejected by 42 votes against, 25 in favor, and four abstentions. Victoria Villarruel, the Senate President and Vice President, had scheduled this pivotal session. Despite the potential for […]
How Wildfires Impact Raízen’s Sugarcane Harvest and What It Means for Investors
Raízen, an energy company under Cosan’s control, recently faced a significant challenge as wildfires damaged a portion of their sugarcane fields. The company disclosed that approximately 1.8 million tons of sugarcane were affected. This figure represents about 2% of their total projected harvest for the 2024/25 season, primarily in São Paulo state. To mitigate the […]
Africa’s Robust Economic Outlook for 2024
In 2024, Africa’s economy is set for a significant rebound, demonstrating resilience amid past global challenges and the pandemic. Expectations point to the continent eclipsing global growth rates, with a projected 4% GDP increase for both 2023 and 2024, outstripping global forecasts of 2.7% and 3.2%. This upward trajectory marks a powerful recovery, showcasing the […]