MercoPress, en Español

Montevideo, May 24th 2019 - 15:11 UTC

Tag: tax

  • Monday, February 4th 2019 - 08:57 UTC

    GM plans to invest US$ 2.5bn over three years in Brazil in return for tax breaks

    Valor reported that GM would invest in its product line until 2022, and then the following year, the company would start to enjoy tax rebates

    Automaker General Motors Co is in talks to invest 9 billion reais (US$ 2.5 billion) in the Brazilian state of Sao Paulo over the next three years in return for tax incentives, newspaper Valor Economico has reported.

  • Tuesday, January 2nd 2018 - 11:13 UTC

    Panama Papers enable tax authorities worldwide to recoup US$ 500 million

    Last July, the German federal police agency announced it had bought the Panama Papers data. The agency conducted raids and has so far frozen two million Euros.

    More than US$500 million has been recouped by tax authorities worldwide after the Panama Papers revelations, first published in April 2016. Spain alone collected US$122 million after an investigation into the affairs of tax residents who had stockpiled money offshore. Among the countries represented in the Panama Papers data, a total of 15 – on three continents – have publicly commented on the amount of taxes recovered by tax authorities.

  • Saturday, December 23rd 2017 - 12:29 UTC

    Trump boasts his Xmas present: the US$ 1.5tn tax overhaul law as promised

    “I didn’t want you folks to say I wasn’t keeping my promise. I’m keeping my promise,” he told reporters in the White House.

    US President Donald Trump signed Republicans’ massive US$1.5 trillion tax overhaul into law, cementing the biggest legislative victory of his first year in office, and also approved a short-term spending bill that averts a possible government shutdown. Trump said he wanted to sign the tax bill before leaving Washington for his Mar-a-Lago estate in Florida, rather than stage a more formal ceremony in January, so he could keep his promise to finish work before Christmas.

  • Monday, August 23rd 2010 - 04:23 UTC

    Uruguay completes twelve OEDC tax information exchange agreements

    Montevideo’s banking district, better known as The Old City

    Uruguay reached this month a tax information exchange agreement with India thus totalling the twelve demanded by the Organization for Economic and Development Cooperation to have the country de-listed from the group that still have to abide and implement internationally agreed tax standards.

  • Thursday, August 5th 2010 - 09:09 UTC

    Obama administration wants to end Bush era tax cuts for the rich

    The Obama administration and 44% of registered voters concerned with the federal deficit

    The George Bush administration's “misguided” policies are to blame for huge US budget deficits, Treasury Secretary Timothy Geithner charged as he sought to build an election-year case for ending tax cuts for the wealthiest US citizens.