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.
The IMF trimmed its global-growth projections, warning of high uncertainty and risks as financial-sector stress adds to pressures emanating from tighter monetary policy.
U.S. and European investors' holdings of assets controlled by Chinese companies but issued offshore are worth nearly three times as much as direct investments in companies registered in China.
The outlook provides a snapshot of the synchronized shock stemming from Russia's attack on Ukraine and the ensuing energy crunch that has inflicted a widespread cost-of-living crisis.