Pandemic may drive new wealth taxes in Latin America

2021 ◽  
Keyword(s):  
Latin America ◽  
Social Welfare ◽  
The Political ◽  
Content Type ◽  
Latin Americans ◽  
Tax Revenues ◽  
Wealth Tax ◽  
The Government ◽  
Political Spectrum ◽  
Tax Cuts

Significance The region’s current tax and spending policies redistribute very little. The COVID-19 pandemic brought a deep and persistent recession, despite new spending, tax cuts and monetary easing aimed at limiting the damage. In December, the government of Argentina, which was particularly hard hit, passed a temporary (and additional) net wealth tax on the very richest households. Impacts OECD-led transparency efforts offer the long-sought possibility of taxing the foreign assets of wealthy Latin Americans. The pandemic will increase both existing inequalities and the need for tax revenues to finance social welfare and stimulus spending. Efforts to strengthen tax collection more broadly will likely be undertaken by governments across the political spectrum.

Denmark's weak new government faces complex alliances

2015 ◽  
Keyword(s):  
The Political ◽  
Political Strategy ◽  
Right Wing ◽  
Social Democrats ◽  
Content Type ◽  
People's Party ◽  
Reform Agenda ◽  
The Government ◽  
Political Spectrum ◽  
The Right

Significance The new government will have only 34 of the 179 seats, because policy differences among the right-wing parties, and the political strategy of the electorally strengthened anti-immigration, Euro-sceptic Danish People's Party (DF), mean DF will remain outside. Policy-making will be difficult. The government will be more economically liberal and pro-EU than it would have been with DF, but to make policy it will rely on partners across the political spectrum, especially the ousted Social Democrats -- who remain the largest party -- and DF. Impacts If DF is seen as a welfarist protector of ordinary citizens, it is more likely to repeat, at least, its 22% vote in the next election. The much-tighter immigration regime which is in prospect could taint Denmark's image and make it less attractive to foreign investment. The new government is likely to be an ally for much of UK Prime Minister David Cameron's EU reform agenda.

Internal disarray may create explosive Congo elections

2018 ◽  
Keyword(s):  
Political System ◽  
The Political ◽  
Content Type ◽  
The Government ◽  
Political Spectrum

Significance However, despite their public unity and insistence that they are ready for elections, the opposition leaders only repeated their vow to appoint a single opposition candidate, without delivering a name, suggesting that factional differences have not yet been overcome. Meanwhile, insecurities across the political spectrum are beginning to coalesce into what could be a recipe for a deeply turbulent election period -- or even no election at all. Impacts The government will try to endow the elections with a veneer of legitimacy, as long as this does not threaten its own survival. Whoever wins the elections will struggle to assert control of a deeply factionalised political system with entrenched loyalties. Should the ruling coalition emerge from elections, it will likely intensify its calls for the withdrawal of UN peacekeepers.

Hernandez faces multiple pressures in Honduras

2015 ◽  
Keyword(s):  
Constitutional Reform ◽  
The Political ◽  
Content Type ◽  
Constitutional Reforms ◽  
Multiple Pressures ◽  
The Government ◽  
Political Spectrum

Subject The government of President Juan Orlando Hernandez faces major challenges. Significance Pressure has been growing on President Juan Orlando Hernandez as a result of a corruption scandal and potential constitutional reform. Even if he is not forced to accede to calls for his resignation, political weakness may force him to make deals with his opponents. Impacts Continuing protests over corruption will erode the legitimacy of the government. The government will appear increasingly open to the possibility of an international anti-corruption body. Constitutional reforms offer potential for deals to be struck across the political spectrum.

Palestinian Diaspora Communities in Latin America and Palestinian Statehood

2020 ◽  
Vol 19 (1) ◽  
pp. 101-120
Author(s):  
Yousef M. Aljamal ◽  
Philipp O. Amour
Keyword(s):  
Latin America ◽  
South America ◽  
Latin American ◽  
Economic Life ◽  
Self Determination ◽  
The Political ◽  
Middle Classes ◽  
Latin Americans ◽  
Political Views ◽  
The Right

There are some 700,000 Latin Americans of Palestinian origin, living in fourteen countries of South America. In particular, Palestinian diaspora communities have a considerable presence in Chile, Honduras, and El Salvador. Many members of these communities belong to the professional middle classes, a situation which enables them to play a prominent role in the political and economic life of their countries. The article explores the evolving attitudes of Latin American Palestinians towards the issue of Palestinian statehood. It shows the growing involvement of these communities in Palestinian affairs and their contribution in recent years towards the wide recognition of Palestinian rights — including the right to self-determination and statehood — in Latin America. But the political views of members of these communities also differ considerably about the form and substance of a Palestinian statehood and on the issue of a two-states versus one-state solution.

Guatemala’s economy on the way to recovery

2021 ◽  
Keyword(s):  
Climate Change ◽  
Latin America ◽  
Violent Crime ◽  
Business Environment ◽  
Policy Support ◽  
Content Type ◽  
Containment Measures ◽  
The Government ◽  
The Way

Significance National GDP nevertheless contracted by just 1.5% in 2020 -- less than almost any other country in Latin America. Resilient remittances and exports, coupled with unprecedented policy support, have mitigated the effects of the pandemic and subsequent containment measures, leaving the country better placed for recovery than its neighbours. Impacts Enduring poverty, inequality and violent crime, and the impacts of accelerating climate change, will drive further migration from Guatemala. The government will pursue banking law reforms, to reduce risks to financial activities in the post-pandemic business environment. Infighting and corruption scandals will hinder the opposition's ability to benefit from the decline of the president's popularity.

Het beleid van de provincies

Res Publica ◽  
1978 ◽  
Vol 20 (2) ◽  
pp. 279-298
Author(s):  
Staf Lauwerysen
Keyword(s):  
Social Welfare ◽  
Political Institutions ◽  
Task Analysis ◽  
Financial Analysis ◽  
Community Organization ◽  
The Political ◽  
Government Structure ◽  
Provincial Level ◽  
The Government

The abolition of the political institutions of the Belgian provinces, as provided in the government declaration of 7 June 1977, puts a question into the usefulness of the provincial institutions.This contribution intends to throw more light on the policy at the provincial level - now and in the near past - by means of a brief functional and financial analysis. Beforehand, it has to be mentioned that juridical and institutional limitations do exercise a restraining influence on the functioning of the provinces.A task-analysis shows that they are mainly concerned with «traditional» tasks ( e.g. education, traffic), but they recently take into consideration «modern» tasks in the domain of social welfare (e.g. culture, community-organization) .However, the means of the Belgian provinces are very limited ; as a result, the current expenditures of the provinces do not exceed 3 % of all public current expenditures. It shows the relative small importance of the provinces in the total government structure.

Smuggling will weigh on Tunisian economy and politics

2015 ◽  
Keyword(s):  
Rural Areas ◽  
Political Stability ◽  
Coalition Government ◽  
Security Threats ◽  
Content Type ◽  
Cross Border ◽  
Tax Revenues ◽  
Border Towns ◽  
General Elections ◽  
The Government

Significance Essid has been working to form a new coalition government since general elections in late December. The new unity government will face tremendous pressure to jumpstart the economy, ensure political stability, and counter growing security threats. One major challenge -- cross-border smuggling -- poses a particularly serious threat to the new government. Smuggling costs the government some 615 million dollars per year, representing nearly 5% of total tax revenues, and undermines legitimate trade, further damaging growth. Impacts If the government fails to address smuggling, it will continue to lose critical revenue. Yet cracking down on smuggling will probably meet with considerable opposition -- particularly in rural areas and border towns. The new government's lack of a decisive mandate will impede reforms.

Insecurity and drought undermine Madagascar president

2016 ◽  
Keyword(s):  
Interest Rate ◽  
Prime Minister ◽  
Commodity Prices ◽  
Southern African Development Community ◽  
Political Elite ◽  
The Political ◽  
Gdp Growth ◽  
Content Type ◽  
African Development ◽  
The Government

Significance Rifts within the political elite are deepening, evidenced by the departure of former Prime Minister Jean Ravelonarivo -- and his cabinet -- last month. However, the installation of a new administration does not portend stability. Impacts The central bank's decision to cut its benchmark interest rate to 8.3% from 8.7% will facilitate borrowing by firms and households. This is unlikely to boost GDP growth given the countervailing effects of political volatility and low commodity prices. The UN secretary general's appeal (on an official trip earlier this month) for the government to tackle graft is unlikely to be heeded. If Madagascar experiences another coup, the Southern African Development Community bloc will likely expel it -- again.

Italy's Renzi will face critical tests before year-end

2016 ◽  
Keyword(s):  
Political System ◽  
Turning Point ◽  
Political Leadership ◽  
Economic Recovery ◽  
The Political ◽  
Deep Uncertainty ◽  
Content Type ◽  
The Government

Significance This is a crucial step for the government before year-end, together with long-term banking issues and slowing economic recovery. The European Commission has allowed Italy considerable fiscal flexibility; the government promises to start reducing its debt-to-GDP ratio this year. However, the slowdown could delay achieving this goal. Under this scenario, the government has to campaign for the referendum on its Senate reform. A 'yes' vote is key not only for reforming the political system, but the government's survival. Impacts A 'no' outcome would pull Italy into deep uncertainty concerning its political leadership. It would also end Renzi's premiership; a new majority could follow up to the 2018 general election. However, since Renzi is the PD leader, he is unlikely to support a new government; early elections are likely. In case of a 'yes' outcome, Renzi's premiership will be reinforced, marking a turning point to his declining popularity.

Peacekeeper withdrawal advances Abe's defence agenda

2017 ◽  
Keyword(s):  
Prime Minister ◽  
The Political ◽  
Security Cooperation ◽  
Content Type ◽  
Peacekeeping Operations ◽  
Un Peacekeeping ◽  
Political Impact ◽  
The Government ◽  
Cover Up ◽  
Self Defence

Subject Japan's participation in UN peacekeeping operations. Significance Prime Minister Shinzo Abe’s administration will withdraw Japan's Ground Self Defence Force (GSDF) mission from the UN peacekeeping operation (UNPKO) in South Sudan in May. The decision follows accusations that the government covered up evidence of the dangers the troops were facing, and raises potential questions about Japan’s commitment to its policy of a ‘proactive contribution to peace’. Impacts The announcement of withdrawal will reduce the political impact if there are casualties. Defence Minister Tomomi Inada will probably survive accusations of a cover-up, with ministry officials taking the blame. Japan will contribute personnel to UNPKOs again in future, to gain experience and earn goodwill internationally. There will be minimal implications for Japan's other security cooperation efforts, which focus on deterring China and North Korea.

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