Beijing's massive oversupply in property and industry, and surging debt levels among local governments, have analysts wondering whether China is headed for a Japan-style malaise after 30 years of unprecedented economic growth.
Although the local rules are different and the settlements in the region do not always take into consideration the specifics of each taxpayer, it is possible to negotiate with tax authorities in Latin America. Below we comment on the main aspects of the trend in key jurisdictions such as Brazil, Argentina, Chile and Mexico.
Under an amendment recently signed into law, a whistleblower may now bring a case against a business that allegedly concealed or avoided an obligation to pay tax, regardless of whether a return or any other statement was filed.
Insurers appear increasingly likely to employ computer algorithms or people with little relevant experience to issue rapid-fire denials of claims—sometimes bundles at a time—without reviewing the patient's medical chart.
