Shifting of tax havens blacklist

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As part of its efforts to crack down the transfer of illicit funds, the EU broadened its blacklist of tax heavens during an Economic and Financial Affairs Council (ECOFIN) meeting of the bloc’s finance ministers in Brussels on 12 March where they added the United Arab Emirates, Aruba, and Bermuda to a list of flagged nations…

Latin America: A region with challenges

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A less favourable external environment in 2019 will have negative implications for Latin America, especially the deceleration in China’s growth, which will not only have an impact on demand, but also on commodity prices. Most Latin American economies cannot afford fiscal stimulus due to wide fiscal deficits, especially Brazil. Brazil’s outlook is one of sluggish…

Brazil cane industry group wants tariff-free access to U.S. sugar market

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Brazil should seek a tariff-free sugar quota agreement with the United States similar to the tariff-free ethanol quota it offers to U.S. exporters of the biofuel, the new head of Brazil`s powerful cane industry group Unica told Reuters. Evandro Gussi, who took over last month as the head of Brazil`s main sugar and ethanol lobby,…