Latin America
Back to homepage
EY Argentina: Argentina’s Promotional Tax System for Knowledge-based Companies is Gaining Ground in the Local Market
After more than two years of the enactment of the “knowledge-based” Law, time has come to ask whether this new promotional system have truly improved the capacity of the knowledge-based industries to generate employment, federal economic development, and foreign exchange
Read More
EY: Argentina’s Need for Tax Reforms, and How They Could Be Achieved
The current Argentine macroeconomic situation is characterised by Covid-19 recession, inflation, record tax pressure, a reduction in tax revenues, poverty levels standing at 42 percent and rising, and government spending exceeding genuine financing possibilities. Sovereign debt refinancing is still under
Read More
EY Argentina: Argentina Amends Promotional Tax System for Knowledge-Based Firms
With technology disrupting business models in various sectors of the global economy, Argentina has finally introduced tax incentives for knowledge-based industries. Law number 27,506 was first published in the Official Bulletin on June 10, 2019, and established the promotional regime
Read More
The Two Sides of Capital Flows into Brazil
There was a significant inflow of funds in Brazil’s external financial account in October and November for investments in both stocks and fixed income instruments. The bulk of the recent inflow has come in a passive way, and it did
Read More
EY: Threats and Opportunities in a Post-Covid-19 Economic Context
A statement currently circulating on social media warns that “it is strange that certain world economies easily collapse when consumers buy only what they need”. Statements like this often contain some degree of truth. The social isolation linked to the
Read More
Don’t Expect Miracles from the Multilaterals
by Otaviano Canuto Latin American and Caribbean economies need help, but organisations such as the IDB are also stretched thin. With Latin America and the Caribbean potentially facing years of difficulties due to the pandemic and related economic crises, attention
Read More
Cristina Junqueira, Nubank Co-Founder: Brazil’s Wonder Woman of Fintech
When the first Nubank card transaction was made in Brazil on April 1, 2014, you wouldn’t have been a fool for failing to anticipate the swift growth of the neobank (one that operates exclusively online). Nor would you have been
Read More
Uruguay: A Near-Perfect Country to Live, Work, and Play Post-Covid-19
The best countries to build a prosperous post-corona life include obvious choices such as Australia (#1), New Zealand (#3), and The Netherlands (#8), but also a few surprising ones: Mauritius claimed a top spot (#6) as did, remarkably, Spain (#5),
Read More
Otaviano Canuto: Brazil, South Korea – Two Tales of Climbing an Income Ladder
The “middle-income trap” has captured many developing countries: they succeeded in evolving from low per capita income levels, but then appeared to stall, losing momentum along the route toward the higher income levels of advanced economies (Gill & Kharas, 2007,
Read More
Brazil’s Economic Crossroads: Which Path Will It Choose?
Latin America’s largest economy entered the pandemic before it could heal from its worst recession in decades. First appeared at Americas Quarterly By Otaviano Canuto As the pandemic unfolds, Brazil is paying a huge human cost, with the number of
Read More