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Personal Property Taxes in Argentina: A rush of accountant inquiries due to the fear of increased taxes

Accounting studios are increasingly receiving “emotional” inquiries from their most wealthy clients due to a change of government which has a reputation for hurting the upper middle classes. One option for savers or property owners is to obtain residency in Uruguay and renounce Argentina residency or form an irrevocable long-term trust and lose direct control over the money altogether. “The vast majority of consultations are for achieving an Uruguayan residency and losing their Argentine one.…

Ben Caballero Becomes the World’s First $2-Billion Real Estate Agent

2018 Sales Totaled Nearly 5,800 Homes for a Volume of $2.27 Billion Ben Caballero, the first Guinness World Record holder for home sales, broke his world record for an individual real estate agent, selling 5,793 homes totaling $2,270,911,643 in a single year. That’s according to data from local MLSs of the Houston Association of REALTORS®, North Texas Real Estate Information Systems, San Antonio Board of REALTORS® and the Austin Board of REALTORS®.…

Argentina sends its first shipment of chilled pork to China

Argentine has sent its first shipment of chilled pork to China, the government of the South American farming powerhouse said on Wednesday, as China’s pork imports rise due to a devastating outbreak of African swine fever at home. The shipment included 26 tons of pork cuts, according to a statement from the Agriculture Ministry in Buenos Aires. “This step further consolidates our livestock sector on the world market,” the statement said. Argentina announced it had clinched a deal in April to…

A group of like minded movers and shakers, seek to position Buenos Aires as one of the top 20 cities in the world

The Government of the Buenos Aires has created the BA Global Council, which will integrate important city companies and references of culture and education to attract visitors, talent and businesses. The Government of Buenos One launched a strategy of international projection of the city, with the aim of positioning it among the top 20 in the world. The project aims to install it as a leading city to live, visit, study and do business, with the aim of making it one of the global capitals in quality of life,…

Interview with Alejandro Werner (IMF) on the Latest Economic Developments in Latin America

Growth in Latin America and the Caribbean is slowing down. The region is expected to grow by 0.2 percent this year, amid continued trade tensions, lower global growth, subdued commodity prices—and in some large regional economies—high policy uncertainty, according to the IMF’s latest Regional Economic Outlook for the Western Hemisphere.  To boost the economic recovery and create more jobs, the region will need to rely on domestic drivers of growth, like consumption and investment.…

Latin America faces another lost decade and resultant brain drain

“This looks like a scene from the second world war, right here in the heart of Santiago.” Felipe Alessandri, the mayor of one of Latin America’s most prosperous cities, was surveying the burnt-out wreckage of the 170-year-old church of Veracruz in the center of Chile’s capital, destroyed in a blaze started during a general strike last Tuesday. The flames which consumed Veracruz are a vivid reminder that the violent protests which have gripped what was Latin America’s big economic…

Argentina shifts to the left…and Uruguay to the right?

Sunday’s presidential elections in Argentina and Uruguay revealed an anti-incumbent mood in the electorate. In Argentina, voters punished Mauricio Macri, the market-friendly president, who dramatically failed to live up to his promises of economic growth. Across the Río Uruguay, Daniel Martínez, from the incumbent center-left Broad Front coalition in power since 2004, won a plurality of votes but will face a strengthened opposition in the second-round election next November, which he…

Latin America’s Wild Economic History, Explained | The Wealth of Nations

The economic history of Latin America is filled with promise and tragedy. From Argentina in 1895 becoming the wealthiest country in the world per capita, to Venezuela in 2019 becoming the human rights crisis in the western world. Latin America is a land of incredible wealth and incredible corruption. Using the data from The Maddison Project and the power of Flourish. Studio’s visualization software, I tell the story of Latin America, from an economic perspective. From 1800 to modern times. This video…

Trevelin in Patagonia: the village that comes alive with the flowers of spring

Two thousand kilometres from Buenos Aires, a field of tulips nestled between snowy mountains and crystal clear mountain stream waters draws a rainbow of 27 colours that are impossible to forget. The fields of tulips attract visitors from Tierra del Fuego to Chaco, from Holland to the United Kingdom, lovers of flowers here find a unique charm since the plants are surrounded by a cordon of the Andes mountain range, known as the Trono de Nubes (Throne of Clouds) A descendant of Welsh immigrants – Juan Carlos…

Yes, Argentina’s Macri Failed on the Economy. But It Wasn’t All for Naught.

An appraisal of the last four years, plus a look ahead, by a former central bank president. Mauricio Macri’s presidency is coming to an end. With a fall in per-capita income of close to 10% and cumulative inflation higher than 300% in his four years, it would be easy to declare his presidency a failure – which, in terms of economic results, it was. The economic failure is surprising because Macri faced not only a relatively benign international scenario (no significant changes in its terms of trade,…

Simón Bolívar’s legacy in Latin America

Simon Bolivar
To do business in Latin America often means having to contend with protectionist trade policies, and why this is so has been unexpectedly answered in an unlikely quarter. Netflix’s lavish new 60-episode historical drama, Bolívar, traverses the peripatetic life, loves and nation- building of one of Latin America’s Bolívar was the richest man in Venezuela after inheriting thousands of slaves, gold and silver mines and sugar and cacao plantations at the age of 13. foremost heroes,…

The crouching tiger targets Latin America

The Great Wall of China is purportedly the largest cemetery on earth, as it entombs the many millions of forced labourers and prisoners who were pitilessly worked to death during the Wall’s construction. The long line of emperors who kept extending the Wall between the 7th Century BC and1644 AD didn’t give a fig for its incredible cost in human lives as they rigorously suppressed individualism and prioritised geopolitics, national security and dynastic succession above all else, as the Communists…

GOOGLE PLANS TO TRIPLE ITS CLOUD COMPUTING WORKFORCE IN LATIN AMERICA BY 2020

The tech giant Google expects to increase its customer workforce by three times to support cloud computing services in Latin America by the end of the year 2020.  At the Google Cloud Summit in Sao Paulo, Google Cloud’s director in Brazil, João Bolonha said, “This growth has already started and we’ve been expanding teams in Brazil, Mexico, Chile, Argentina, and Colombia.” According to Alphabet Inc.’s Google, its total capital expenditure globally hit US$47 billion (nearly…

Transition in Argentina: Macri invites Alberto Fernandez to breakfast Monday morning at Government House

The victory of Alberto Fernández’s presidential campaign puts an end to the pro-business economic policies of Macri’s administration and a return to power of the ex-president Cristina Fernández  Cristina Fernández served as president from 2007 to 2015. By the time she left office, she was entangled in a string of court cases involving accusations of bribery, money laundering, treason, corruption and allegations that she had helped cover up Iran’s…

Argentina’s economy is collapsing. Here come the Peronistas, again

The peso is falling — and so, it seems, is the sky. Inflation and poverty rates are soaring. National reserves are shrinking fast. In short, Argentina — in a terrible deja vu of crises past — is hurtling once again toward the economic abyss. But on the bar stools and wooden chairs of Santa Evita, a grill house dedicated to Eva “Evita” Perón, the political heroine who died a Broadway-worthy death in 1952, the customers are retranqui,…
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