The amendment to the Tax Code, partially approved by Congress, omits the concept of "global income", and establishes "territorial income".
Latribuna.hn reports that "...The Bill for a new Tax Code was drafted by the government, employers and a sector in the social economy, and during the dissemination it was said that the change to "Territorial Income represents a setback in the fight against capital flight."
The way to prevent rising tuition fees in private educational institutes is not by regulating them but by raising the quality of public education.
EDITORIAL
It is a market issue.If the public education systems performs poorly, as is a general trend in Central America, it is obvious that private institutions, in many cases companies that have a legitimate desire for profit, will emerge in order to meet the demands of parents who want better education for their children.
In order to get the most leverage from the Canal as sea and air hub optimization of Panamanian land cargo transportation is needed.
From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP):
The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP), through its Committee on Logistics and in order to promote the country as a regional transit hub, recently presented to the National Assembly some modifications to the Bill on Land Cargo Transportation, with a view to promoting the logistics sector and creating a more agile and efficient business relationship with Central American nations.
The proposal includes changing the conditions needed to order the forced liquidation of an institution, facilitating the fight against financial activities related to criminal activities.
The purpose of the reform prepared by the Executive Branch is to tighten controls to prevent money laundering and terrorist financing, in order to identify any suspicious situations and avoid the forced liquidation of the entity, as was done in 2015 for Banco Continental.
A bill proposes renewing renewable energy generation contracts automatically rather than calling new tenders.
The proposal to reform the General Electricity Industry Act, in force since 2014, claims that"... renewable energy contracts remain in force, but do not benefit from the incentive payment of 10% of the base price and annual adjustment for inflation", as established by current legislation."
The Congress of Costa Rica has been inspired by the famous tango Cambalache and now those who "work day and night like an ox are the same as those who live off other people, those who kill are the same as those who cure, or those who live outside the law..."
EDITORIAL
The Costa Rican Legislative Assembly has given final approval to a bill that clears the records of crimes committed by people after they have served their sentences. Until now, criminal records have only been "cleaned" after 10 years have passed since the sentence was carried out.
From December 2016 the Asian country will prevent the entry of agricultural products containing any residues of agrochemicals.
From a statement issued by the State Phytosanitary Service in Costa Rica:
SFE authorities have communicated to exporters of unprocessed plant products destined for Korea, that this nation has established a new legislation on Maximum Residue Limits (MRLs) of pesticides.
The National Congress approved in a third and final debate a law that sets limits on the country's fiscal deficit and creates a new governing body for its macro fiscal policy.
From a statement issued by the National Congress of Honduras:
Tegucigalpa - The National Congress approved on a third and final debate, the whole of the Law on Transparency and Accountability, sent by the Executive and favorably dictated by a special commission, which includes topics such as putting a ceiling on current spending, public borrowing, staffing and establishing sanctions, among other issues.
This is the aim of the bill that would expunge ex-convict's criminal records so that they can find work without their potential employers knowing about their criminal past.
EDITORIAL
The vast majority of people resolve their economic and existential problems without resorting to crime. They are obliged to act this way because of the education they received in their homes, where they were taught not only be honest and law-abiding, but also to distrust those who are not. From children we learn to discriminate between bad and good, an essential life skill. We need to distinguish between food that is good and food that is harmful to our health. We must be able to distinguish between an honest business and one that is not. That's life, continuous decision making based on our knowledge and values which is what also should govern conduct in society.
Bowing to pressure from those who can choose what to eat every day, the Morales administration has repealed the differentiated minimum wage, denying the right to choose how to live to those who do not have that option.
EDITORIAL
President Morales has put an end to an initiative that aimed to attract investment to four municipalities by applying differentiated minimum wages, yielding to the the high profile power of those who, from the comfort of a heated office and while receiving thousands of dollars in salaries each month, feel that it is reasonable remove the possibility of having a job from those who have nothing.
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.
EDITORIAL
It is happening in Central America but it is a growing problem throughout Latin America. The legitimate concern to guarantee that all citizens fully exercise their rights under the very welcomed liberal democracy, has created a culture of acceptance of virtually all proceedings filed in courts against executive actions taken by the government, and also against laws which have been formally approved.
September 10 is the deadline for shrimp farms to regularize their legal status and renew or obtain a concession to operate for the first time.
It is estimated that there are 142 farms producing shrimp, which have an estimated 4000 hectares of crops, who have not regularized their legal status under the Act Strengthening Shrimp Farming, which has been in effect for a year.
The new Framework Law on Social Protection allows social security institutions to allocate up to 7% of their assets in physical infrastructure projects and medical equipment.
The law, which will be in effect from September 4, includes among its main innovations the ability for social security institutions to use part of their assets to finance hospital construction projects, both for construction and for the purchase of medical equipment.