End of preview - This article contains approximately 118 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 13 November 2020
In brief: Honduras think tank criticises tax exonerations
* Honduran think-tank Foro Social de la Deuda Externa de Honduras (Fosdeh) has released a new report which warns that the government’s strategy of seeking to attract investment through offering fiscal incentives has not been efficient in terms of generating economic development and growth for the country. The study cites figures from the finance ministry which show that fiscal exonerations received by companies as a mechanism for stimulating investment increased by 27.37% from L37bn (US$1.5bn) in 2017 to L46bn in 2020, equivalent to 16.3% of the state budget and which otherwise could go on public spending. According to the report, as of August 2019, 3,705 companies received exonerations – up from 1,821 in 2013.
- PERU: Protests against Merino gather head of steam
- In brief: Bolivia's Arce approves ‘subsidies against hunger’
- BRAZIL: Fears of a second wave of Covid-19 infections
- In brief: Brazil’s emergency aid could be extended, says Guedes
- NICARAGUA: Controversial reforms to water law approved
- In brief: Honduras think tank criticises tax exonerations
- MEXICO: López Obrador tables controversial labour reform bill
- In brief: Formal job recovery gathers pace in Mexico
- PARAGUAY: Indigenous and peasant farmers demand action from gov’t
- In brief: Uruguay’s unemployment continues to rise