Carlos Barreda
in Central America
Tuesday, December 1, 2009
Authorities from the city of Laredo are touring Central America, promoting their city as a logistical center for the region.
Laredo manages 12.000 containers a day, it is the sixth largest customs district in the U.S.
Thursday, March 19, 2009
The New State Purchases Law would increase the limit in direct purchases from $3,700 to $9,300
Additionally, the Comptroller General of Accounts is proposing that the direct purchase process should be done with a bidding stage. Carlos Menco, head of the Comptroller's Office, told the Periódico of Guatemala that "the proposal is for a bid to be published on the website for such acquisitions, but the competition should not go through the same terms as a tender."
Friday, March 13, 2009
The Guatemalan Government will collect $494 million less in taxes in 2009 and the national budget could be reduced to $5.562 billion.
It was reported in the Prensa Libre website: "To meet the revenue decline for the budget, the government is already prepared with four scenarios: the first would be to reduce public spending, the second to search for internal or external credit, the third to increase revenues via taxes, and the fourth could be a combination of the previous three."
Wednesday, June 25, 2008
The extended exemptions from paying taxes in Guatemala haven't been effective for attracting foreign direct investment (FDI).
The 11 billion quetzales (about 1.458 billion dollars) in tax revenues that the government has decided to forego have not achieved the goal of attracting more capital.
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