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New Colombian fiscal reform will pass but is flawed

Location:

COLOMBIA

The plan avoids new taxes on individuals, instead increasing the fiscal burden on firms. The proposed measures aim to generate COP15.2tn (USD3.9bn) in new revenue, which would be…

Chile inequality debate will drive tax reform demands

Location:

CHILE

Although both the bill’s legislative future and the amount it would raise are uncertain, it reflects ever more explicit class polarisation and anger over inequalities.

Informality will block poverty reduction in Argentina

Location:

ARGENTINA

The informal sector, accounting for some 25% of real output and nearly half the workforce, undermines development prospects. A high tax burden and macroeconomic instability push…

France’s economic plan focuses on short and long term

Location:

FRANCE

Amid one of the steepest economic contractions in Europe, with GDP expected to shrink by 11% this year, the relaunch programme aims to reduce the tax burden on business and to…

Copper will bolster economic improvements in Peru

Location:

PERU

The booming copper industry will stimulate production overall while helping to bolster export earnings and treasury receipts. The Castillo administration has produced proposals…

Paraguay's COVID-19 response may lose initial lustre

Location:

PARAGUAY

The impact of COVID-19.

South African budget prompts cheer and wider divisions

Location:

SOUTH AFRICA

However, cuts to the social grants budget and a continued focus on the planned three-year wage freeze for civil servants has annoyed (among others) the ruling ANC's ‘Tripartite…

Polish Deal is chance to repair coalition for election

Location:

POLAND

Although the Deal mostly comprises general and incoherent promises, it is the only serious plan for the near future in the public debate. This gives the ruling coalition a chance…

New measures will provide temporary relief for Greece

Location:

GREECE

The new forecast is based on strong results in the second quarter, better-than-expected tourism revenues over the summer months and the approval of the Greek Recovery and…

Reshuffle may not save Slovenia’s faltering government

Location:

SLOVENIA

Golob said the government could now press on with the transformation of Slovenia for which it was elected last June: 2023 would be the year of reforms. A referendum in November…