Panama: Moratorium on Taxes or Tax Reform?A recently passed tax moratorium law includes several changes related to public finances, the Canal contributions and even exemptions for agricultural, livestock and aquaculture.Friday, November 7, 2014
The passage of the tax moratorium law brought changes that support the State not only in increase the level of debt to GDP, but also includes tax adjustments and the fact that "... in the event that contributions by the Panama Canal Authority (ACP) are less than the percentage specified in paragraph 2 of Article 3 of the Law of Panama Savings Fund, which is 3.5% of gross domestic product (GDP), which this year could reach 47.459 million, the difference would be paid with debt .... This means that the economic resources not provided by the ACP will be borne by the non-financial public sector (NFPS). " Source: laestrella.com.pa ¿Busca soluciones de inteligencia comercial para su empresa?Reducing the Fiscal Deficit: A Great ChallengeDecember 2020 After the multi-sector dialogue in Costa Rica was concluded, the main risk qualifiers agree that because the agreements signed to reduce the deficit are not enough, the government should execute its fiscal policies in a timely manner. "Clutching at Straws" in Costa RicaSeptember 2018 The Central Bank explained that the short-term loan of almost $870 million to the Ministry of Finance will have no impact on inflation. Costa Rica: There is No Free LunchAugust 2017 After recognizing the serious liquidity problems faced, the government has announced it will borrow another $1 billion for a hearty lunch that others will pay for tomorrow. El Salvador: Businesses Demand Fiscal Responsibility LawJune 2014 The private sector demands limits on the government's ability to borrow, through means of a Fiscal Responsibility Law.
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