Cape Verde’s financial system has shown resilience and stability amidst controversies and global economic challenges. The Bank of Cape Verde (BCV) confirmed the system’s robustness, despite debates over banking practices and social security transactions. Banco Cabo-verdiano de Negócios (BCN) refutes accusations of fund non-transfer to INPS, citing BCV’s advisory in response to claims. The central […]
Related Posts
Brazil starts taxing the super-rich
Brazil starts taxing the super-rich. Brazilian President Luiz Inácio Lula da Silva approved a provisional decree to tax exclusive funds, termed “super-rich funds”. This includes a 15-20% tax on income of exclusive funds, those with one shareholder. It’s estimated that 2,500 Brazilians have investments in these funds, totaling 756.8 billion reals (US$151.36 billion), or 12.3% […]
Vietnam’s Unprecedented Wealth Surge
Vietnam is on track to experience the world’s most significant wealth growth in the next decade, with an anticipated 125% increase, surpassing giants like China and Japan. This forecast by New World Wealth and Henley & Partners positions Vietnam as a leader in Asia for GDP per capita and millionaire growth. As a burgeoning center […]
Chile’s president announces disaster relief due to heavy rains and river flooding
On August 21, Chile’s leader, Gabriel Boric, announced a disaster state in four regions due to significant rainfall and surging river levels, which began affecting central and southern areas since August 18. Boric indicated that this declaration will streamline various bureaucratic procedures, enabling quicker and smoother mobilization of resources. The main focus will be on […]