The business sector is questioning the decision made by the Constitutional Court to suspend the operation of two hydroelectric stations and is asking for decisions to be made based on legal criteria, giving priority to the national interest.
The ability of the executive and legislative powers to effectively lead their country's economy is seriously diminished by the excessive actions of the judicial branch, especially the Constitutional Courts.
It is happening in Central America but it is a growing problem throughout Latin America.
The Otto Perez Molina administration appears to be disintegrating in time with the successive dismantling of networks of entrenched corruption at the highest level, jeopardizing the country's basic institutions.
The government has announced the start of a public consultation process for the comprehensive review of the Panamanian Constitution.
Although topics have still not been fully defined for a possible amendment to the Constitution, the Government is planning a comprehensive review as part of the public consultation process with the public.
Citing unconstitutionality power has been taken away from the tax authorities to determine the basis for calculating tax owed in respect of Value Added Tax.
A paragraph in Article 7 of the Law on Value Added Tax (VAT) which was declared unconstitutional provided: "In the case that a taxpayer, within three months, reports in their declaration of turnover sales rates that are lower than at cost or production of goods, the tax authorities may determine the basis for calculating the tax owed, taking into consideration the sale price of the same product in other transactions of the same taxpayer within the same time ... unless the taxpayer can justify and demonstrate the reasons why this situation occurred and present banking and financial information proving their real income. "
An act that enables indefinite presidential reelections and military personnel to hold positions on the Executive Branch has been received general aproval in the National Assembly.
The controversial bill will now be discussed article by article, and then after its final approval - which is taken for granted by the majority in Congress belonging to the ruling party - it must be ratified in 2014 in order to enter into force.
The American Chamber of Commerce of Nicaragua has rejected the amendments to the Constitution proposed by the Nicaraguan government.
This is the result of a survey carried out by AmCham among its members in order to find out its position on the proposal to reform the constitution of Nicaragua. 75.6% of respondents asserted that the initiative will affect the business climate in the country. "It is not good for the country to make changes of the dimension they wish to make to the Constitution, especially with the haste with which they have promoted them" they explained.
The proposed amendments to the Constitution of Nicaragua would allow the indefinite reelection of the president and the appointment of active military personnel to state positions.
Among other significant changes reported in an article in Eluniversal.com are that "the president is given the authority to legislate in administrative matters, according to the text of the reforms. This power was prohibited by Article 150 of the Constitution which governsNicaraguans today."
President Ortega asked businessmen for their support to change the political parties system, turning to a institutional scheme similar to the one used in the 80s.
According to Bayardo Arce, Economic Matters Advisor for the Presidency, President Daniel Ortega told businessmen at a meeting in INCAE that “if the Cosep (Superior Private Company Council) supports him, he is willing to dissolve the Legislative Assembly and organize a legislation with representatives from all the sectors of society, as it was done with the State Council”.
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