Feeling threatened by the announcements of rationalization of state payroll as a first step towards solving the fiscal crisis, unions are once again pushing the tax on financial transactions.
The Costa Rican banking sector reacted to the possibility that the new Solis administration is reanimating the discussion on the implementation of the Tobin Tax, also known as the "Robin Hood tax" alluding to it taking away from those who have more in order to give it those with less.
Mortgage inventories, cash flow, contracts, intellectual property, trademarks, among others, can be used as an alternative option to traditional collateral on real estate.
Additionally, the law passed by the Legislature on April 30, also allows for current assets or rights given in contracts, equipment, accounts receivable, chattels, crops, tourist bookings and even future rights to the value of timber to be taken into account.
The recovery which started in September 2009 has come to an end in March 2010 and since then, more than 3,000 jobs have been lost.
The global economic crisis of 2008 caused the disappearance of 50,000 jobs in the private sector. Recovery began in September 2009 through March 2010 generating 36,000 new jobs. But since then, private employment has begun to fall again.
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