Facing financial challenges, La Rioja, an Argentine province, has launched its own currency, named ‘Bocade’. This move comes as a response to President Milei’s decision to minimize discretionary transfers to the provinces. These transfers are essential funds that the national government provides to local administrations for various expenses and investments. La Rioja Province in Argentina, […]
Related Posts
Bolivia’s Boost in Electric and Hybrid Vehicle Imports
In 2023, Bolivia witnessed a remarkable 111% increase in the importation of electric and hybrid vehicles compared to 2022. This growth is a direct result of the Bolivian government’s tax incentives. 1,893 such vehicles were brought into the country in 2023, showcasing a clear shift towards sustainable transportation. The Bolivian Ministry of Economy and Public […]
Central Bank Head Backs Wealth Tax in Brazil
Roberto Campos Neto, Brazil’s Central Bank Chief, supported taxing the ultra-rich and offshore companies. He spoke at a House Finance Committee meeting just before meeting President Luís Inácio Lula da Silva for the first time. Lula took office this year on January 1. Since August, the government has discussed this tax plan. Lula signed a […]