Switzerland will keep its special low-tax deals for wealthy foreigners such as music and sports celebrities but increase the amount of tax they pay following a vote by parliament which faced pressure to scrap the system.
Argentina’s inflation advanced 0.9% in August and 6.8% in the first eight months of the year according to the controversial official stats office Indec. Whole sale prices were up 1% over July and the construction cost increased 1.3%.
The Argentine central bank has informally “suggested” the banking system to limit the advances (in dollars) of credit card holders overseas, reports the Buenos Aires financial press. This is seen as another tightening of the dollar clamp imposed by the administration of President Cristina Fernandez to retain much needed foreign currency.
A Carabinero was shot dead, scores of people were injured and 255 others arrested in violent protests marking the 39th anniversary of the military coup that toppled Chilean elected Socialist president Salvador Allende in 1973, reported the Ministry of Interior on Wednesday.
A Chilean court has confirmed that President Salvador Allende killed himself in 1973 as troops attacked the presidential palace to oust him. Official reports, accepted by his family, concluded that his death was suicide but his body was exhumed in 2011 to settle lingering doubts.
Russia's plans to build the world's biggest nuclear-powered icebreaker could attract more trade to the country, says a leading UK analyst. The new ship is meant to be more efficient at breaking ice and able to navigate in deep Arctic waters as well as shallow Siberian rivers.
By Trent Boultinghouse - This week marked the 39th anniversary of the Chilean coup d’etat that ousted the constitutional president of Chile, Salvador Allende, from office and gave rise to the vicious dictatorship of General Augusto Pinochet. Pinochet was known for his adherence as an unabashed apostle to a hard-lined laissez-faire free market economic policy that was widely seen as the impetus for Chile’s economic revival.
The Falkland Islands Sand Bay abattoir is busily in the midst of preparing for the oncoming season, confirmed Assistant Manager Dave Roberts this week. He said there was a small amount of upgrade work to complete, “which couldn’t be done at the start of last export season, and this is expected to be completed in the coming weeks.”
Anticipating a greater demand for housing from oil developers and support activities the Falkland Islands government is advancing plans to further expand Stanley. Additional funding to take in phase two of the Sapper Hill housing development to the south of Stanley has been approved by the Standing Finance Committee totalling £1.3 million for a further 27 housing plots.
The individual average annual income of the Falkland Islands residents totals £ 20.100 (approx 32.000 US dollars) according to data from the latest 2012 Census, which also showed an exceptionally high economic activity rate and a very tight labour market with just 1% unemployment and 20% of residents with a second job.