Each week Frontier Strategy Group’s global team shares their view on key media stories, and what the implications are for businesses that operate in emerging markets. For more information about how to contact our analysts, send us an email.
Mark McNamee on “Russia’s Economic Development and Finance ministries agree to raise VAT”
“Depending on budget performance this year – and in particular the level of oil prices – the Russian government is clearly actively considering raising the VAT rate in 2018 after presidential elections. B2C and B2B firms should assess how this change would impact demand, especially in light of a compensating reduction in the payroll tax.”
Mario Gutierrez on “Argentina Exempts Foreign Tourists from Paying VAT on Lodging & Breakfast”
“Argentina has removed value-added taxes (VATs) on lodging and breakfast services for foreign travelers in a bid to generate new jobs by boosting its sagging tourism industry.”
Natalia Duarte on “Ecuador presidential election goes to runoff between leftist, ex-banker”
“Ecuador will go to an April runoff between Lenin Moreno and Guillermo Lasso, after a close first round in the presidential election. With over 95% of the votes counted, Moreno’s 39.21% falls short of the required 40%. If Ecuador’s fragmented opposition is able to coalesce behind Lasso, he would present a formidable opponent for Moreno’s ruling party and potentially shift the country to the right.”