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Sebastián Piñera, Chile’s president-elect, has promised to apply the entrepreneurial skill that made him a billionaire to reinvigorating the national economy. Mr. Piñera maintains that by cutting red tape, enhancing investment incentives and administering the public sector more…
Malaysia is poised to move from a general sales and services tax to a more broad based comprehensive Goods and Services Tax (“GST”). The benefits of this sort of move is well documented in other countries, including…
France, a country still recovering from the massive “egg on face” tax policy debacle of creating a “carbon tax” that exempted 93% of the population, only to be struck down by the constitutional court, on the grounds that…
A delay in Greymouth moving forward with oil and gas production for over a year, and an intervening change in New Zealand tax law (as it relates to offsetting exploration costs in other countries against their New Zealand…
Increased M&A activity has occurred in Brazil over the past few years for several reasons, including the effectiveness of the Federal Law # 11.101/2005, the Brazilian Judicial Recovery Act, which has an important role in restructuring companies in…
According to The Paying Taxes 2010 report, which was compiled by PricewaterhouseCoopers, the World Bank and IFC, covering 183 countries and looking at all taxes paid by businesses, Ireland ranked as the easiest country in Europe to pay…
Professor M.K. Suleymenov’s Powerpoint type survey of the new Kazakhstan foreign investment legislation touches on the highlights of how the new regime differs from the prior, somewhat hostile, direct foreign investment environment in that country. New Kazakhstan Foreign…
It may have been a long time coming, and certainly well after the liberalization envisaged in the originating Treaties of Rome (i.e. the treaties establishing the EEC, the precursor to the EU, which came into effect in 1958),…
On December 15, 2009 the OECD invited Chile to become its second member in Latin America after Mexico. Chile will formally accept this invitation when an Accession Agreement is signed in the presence of Secretary-General Angel Gurría and…
Vietnam: Legislative Potpourri
Vietnam Net has produced a very good survey of legislation introduced in Vietnam over the past year. As they note: “Some of this legislation proved beneficial to investors and some of it, well, less so. Regardless of the…