FATCA – America’s tax rort is exposed

The FATCA or the Foreign Account Tax Compliance Act. This is one-sided law which forces other countries to enforce US tax laws. If they fail to do so, they’re effectively locked out of US markets and the US dollar – the world’s reserve currency (at least for now). FATCA imposes a 30% withholding tax on interest, dividends, rents, and similar payments leaving the US. The only way to avoid the tax is for foreign financial institutions (FFIs) to act as unpaid IRS informants. Withholding came into effect…

A country profile of Bolivia

Bolivia is a country of statistical extremes, landlocked Bolivia is the highest and most isolated country in South America. It has the largest proportion of indigenous people, who make up around two-thirds of the population. Though rich in mineral and energy resources, Bolivia is one of South America’s poorest countries. Wealthy urban elites, who are mostly of Spanish ancestry, have traditionally dominated political and economic life, whereas most Bolivians are low-income subsistence farmers, miners,…

The Power of Key Words in Advertising

The Power of Key Words in Advertising Words in Advertising: If you ever have any doubts why the keywords are so important in advertising and marketing you should view this video. Anyone wanting to convey a message needs to think carefully about the words whether it is collecting money on the street or selling the most expensive property. It is the same mental thought process.   The Gateway Team – When you are Serious about Property www.gatewaytosouthamerica.com About Gateway to South AmericaGateway…

Argentine Malbec conquers world markets

Malbec conquers was originally planted by the Romans in southwest France nearly 2,000 years ago, but the Malbec grape has long left its European roots behind. Today, it is the signature varietal of Argentina and one of the world’s fastest-growing and best-loved wines. To toast its ascent and future prospects, Wines of Argentina, an industry exporters’ group, has declared this Sunday “Malbec World Day” and is organising wine tastings from Armenia to Australia, and from Serbia to Shanghai. Malbec has…

Are disruptive technologies like Airbnb and Uber creating another new black economy?

Are disruptive technologies like Airbnb and Uber creating another new black economy? It is called the “shared economy”. It has been embraced by millions of consumers globally, and has made multi-millionaires out of the savvy entrepreneurs behind its most high-profile services, like Uber and Airbnb. But for governments around the world, it has proved to be a difficult beat to police. The likes of Uber, the taxi industry disrupter, and Airbnb, the room-sharing service, have at times refused to play…

The story of Argentine Malbec´s worldwide success

Argentine Malbec wine investors are benefiting from a new set of new consumers from Shanghai to New York that had quickly adopted Malbec as a favorite new wine. Disenchanted merlot drinkers found malbec to be a great substitute, and steak eaters searching for something to drink besides Cabernet Sauvignon, were pleased with how it paired with their favorite food. Thus Malbec gained traction and by early 2007 was growing rapidly from a small base. By 2009 it achieved a 50% growth rate in one year. Argentine Malbec´s …

Has China has become Latin America’s lender of last resort ?

Has China has become Latin America’s lender of last resort ? As soon as Argentine President Cristina Fernandez de Kirchner landed in Beijing this week she began lauding new deals with what she called the world’s “No. 1 economy,” ranging from two proposed nuclear power plants to joint space exploration. With her country’s economy contracting and its supply of dollars dwindling, Fernandez arrived Monday looking for help from China, which has already lent Argentina $14 billion since…

San Rafael – Argentina: “The Other Mendoza”

When we speak of wine locally we are almost always speaking of Mendoza. But which Mendoza? Anybody who has made any sort of study or survey of Mendoza wines will realise that the province is pock-marked with pockets of wine producing valleys areas and regions that confer upon their wines a certain character different from others. Lujan de Cuyo, Tupungato, San Carlos and many more can be mentioned as examples of prime wine making areas. All are situated relatively closely towards the north of the province and…

Carnaval in Buenos Aires!

This year there are 112 street bands participating in 37 parades in various neighborhoods of Buenos Aires.  Corsicians in lavish costumes dance through the streets to the rhythms of contagious drumbeats.  The street musicians typically try to tell a story through humor and irony to make social commentaries about the country or its politicians. The parades are held in different districts of the city as Abasto, Almagro, Bajo Flores, Bass Núñez, Balvanera, Barracks, Belgrano, Boedo, Caballito, Coghlan, College,…

Latin America’s billionaires beat all world records

Here it  is, in cold numbers. The 87-page report, titled “Wealth-X and UBS Billionaire Census 2014,” says the billionaire population in Latin America and the Caribbean grew by a whopping 38 percent this year, compared with only 18 percent in Asia, 10 percent in the United States and 1 percent in Europe. The report says there are currently 153 billionaires in Latin America and the Caribbean, up from 111 last year. Interestingly, economically bankrupt Venezuela was the country with the biggest billionaire…

Should Latin America set aside outdated ideological prejudices, and insert itself in the global knowledge economy ?

Economists have been predicting for several months that Latin America will have a so-so year in 2015, but new projections from the World Bank and the International Monetary Fund suggest that it may be worse than originally expected. That’s bad news, because economic forecasts from the World Bank and the IMF — and even to a greater extent those from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) — tend to be much more optimistic than those of leading private economists.…

Argentina’s Once Vibrant Wine Industry Is On The Verge Of Collapse

Argentina’s Once Vibrant Wine Industry Is On The Verge Of Collapse In the city of Mendoza, the continent’s wine capital, a group consisting of over 5,000 growers, winemakers, and vineyard employees packed the city streets with tractors, poured wine on the steps of city hall, and chanted and waved signs with the aim of stopping the annual Fiesta de la Vendimia. The Fiesta de la Vendimia is the harvest festival, a world-renowned highly attended event. It attracts global attention, spendy tourists, and…

Residential Rents in Buenos Aires are soaring as landlords seek to stay ahead of inflation

Residential Rents in Buenos Aires Renting a house or an apartment this year will be between 25%  and 30% more expensive. Locate experts and real estate brokers estate agree that the determining factor is inflation. “Rents increased between November 2013 and March 2014, 28.5 percent; so today, if new residential rents are line with this trend continues, the increases for 2015 will could well exceed 30 percent with semiannual adjustments of 15 percent plus. Besides inflation, Germán Gómez Picasso, co-founder…

Has a financially desperate Argentina sold its soul to China ?

Experts warn preliminary agreement violates local legislation by including a clause transfer Chinese manpower for infrastructure works An investment and infrastructure works deal with China that passed the Argentine Senate in the embers of last year overrides local laws, is shrouded in secrecy, fosters lack of transparency, and will have a high economic cost for beleaguered financially desperate Argentina, international relations pundits say, echoing concerns vented by the opposition. Among the main criticism,…

Argentina in Top 5 of World’s Best Places to Buy or Retire in 2015

Argentina in Top 5 of World’s Best Places to Buy or Retire in 2015 Everyone who is interested in buying international real estate loves to take advantage of a market in crisis. According to world renowned publisher, Kathleen Peddicord of Live and Invest Overseas,  Argentina tops the list for countries where buyers can benefit from the strong dollar.   She claims “this is where you could get a great deal on a second home in the sun, a holiday escape that you could rent out when you’re…
Real Estate and Investment News from South America
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