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How many hours do South American workers need to work to pay their taxes

According to the World Bank workers in Uruguay spend half their working day to support the government. However on the other side they only spend 113 working days per year making them some of the least productive in the region. This compares poorly with Chile at 146 working days and Argentina 203 days. Source Banco Mundial,…

Latin America is Bank Santander’s Cash Box

Latin America  represents 51% of group’s profits; In Argentina, Santander Río is its biggest private entity Emilio Botín, the powerful chairman of the Santander group who died on Tuesday, had strong ties with Latin America that went well-beyond the financial elite. He rubbed shoulders with Spanish royalty and regularly received political leaders and…

For decades Switzerland has had bank secrecy. Now it does not. Ouch for the rich and corrupt politicians

What is the affect of those with bank accounts in Switzerland. When Switzerland’s made a decision to accept exchanging banking information, tax and other corporate information with countries with which it has signed agreements to avoid double taxation (including Argentina, Brazil and Uruguay),…

Argentina: Doug Casey’s favorite place in the world

Taken from a recent interview done by Lous James Let’s start with the big question. Why, of all the places in the world you could have selected to build your vision of paradise on earth, did you choose Argentina? Doug: For some time now, I have stressed the importance of diversifying internationally. I wanted to diversify outside of the United…

Water Rights that are affecting Chilean Agriculture

Water rights can be a complicated issue when you’re looking for an agricultural  property for sale or lease in Chile. The most important issue to understand is that you don’t automatically own the water on or under your property. So you could have a river the size of the Rio Plata running through your farm in Chile, but unless you own water rights…

Doing Business in Peru 2014

Nowadays Peru is a country with a favorable investment climate and a suitable legal framework to invest and conduct economic activities, which has translated into a stable economic environment and sustainable growth in the past years.Being fully aware of foreign investors’ needs, understanding their businesses and acknowledging that grasping Peru’s legal framework…