Regional leaders named in Pandora Papers investigation into offshore tax havens

THIS WEEK IN LATIN AMERICA REGION: Latin American and Caribbean leaders featured prominently in the Pandora Papers leak by the International Consortium of Investigative Journalists reported on Monday. The documents, […] The post Regional leaders named in Pandora Papers investigation into offshore tax havens appeared first on Latin America News Dispatch.

Regional leaders named in Pandora Papers investigation into offshore tax havens

THIS WEEK IN LATIN AMERICA

REGION: Latin American and Caribbean leaders featured prominently in the Pandora Papers leak by the International Consortium of Investigative Journalists reported on Monday. The documents, which detail the offshore business activities of global elites in tax havens around the world, mentioned of the region and , as well as thousands of ministers, businesses, athletes, and entertainers.

In Chile, the public prosecutor’s office announced Friday into President Sebastián Piñera’s alleged involvement in the 2010 sale of shares in a mining company through an offshore account in the British Virgin Islands. Although the president was cleared of wrongdoing in a 2017 investigation, the public prosecutor’s office determined that the original English-language purchase agreement now accessible through the leak constituted new evidence.

Ecuadorian President Guillermo Lasso was linked to two trusts set up in South Dakota and Delaware, as well as 10 now-dissolved offshore companies. President Luis Abinader of the Dominican Republic has also come under scrutiny for two firms established in Panamá while he ran his family company. In Brazil, opposition legislators intend to file accusations of against the Economy Minister and the President of the Central Bank for their involvement in offshore dealings. 

Panamanian law firm was named as a key player in facilitating tax avoidance practices for Latin American elites.

SOUTHERN CONE

ARGENTINA: A federal court against Cristina Fernández de Kirchner, current Vice-President, and former President, in which she was accused of conspiring with Iran to cover up information relating to the 1994 bombing of a Jewish cultural center in Buenos Aires. The Court ruled that a 2013 agreement between the Iranian government and the administration of then-President Fernández de Kirchner to investigate the terrorist attack “did not constitute a crime.”

In 2015, former federal prosecutor Alberto Nisman alleged that the deal was struck to obscure Iranian involvement in the bombing. He was then in his apartment just days after filing the legal action, raising suspicions among local and international observers.

No one has ever been held responsible for the attack. 

ANDES

COLOMBIA/VENEZUELA: The Colombian government to the border with Venezuela on Wednesday, which reopened this week after a 3-year closure. Colombian President Ivan Duque claims the unit will target organized crime and drug trafficking along the 1,367-mile border, while some say the move will  

Venezuelan President Nicolas Maduro closed the border in 2019 to block the delivery of US-backed humanitarian aid, coordinated by opposition leader Juan Guaidó. The border region has long been , due to violent disputes between armed groups and the influx of Venezuelan migrants crossing into Colombia. While the reopening will facilitate safer movement for some, who have had to rely on precarious crossings run by criminal groups, increased militarization in the past has not brought stability to the region.

PERU: President Pedro Castillo named human rights attorney, on Wednesday. The previous minister, Guido Bellido, resigned two months into the role. Vásquez was the head of Peru’s Congress from 2020 to 2021, and is known for a high-profile case in which she defended a peasant farmer against Newmont Mining Corp.’s Yanacocha gold mine. 

While Vászuez is left-leaning, she is considered a more moderate figure than her predecessor. Guido Bellido faced opposition from Peru’s opposition-led congress around economic policy, particularly for his suggestion that the country’s natural gas reserves be nationalized. Vásquez calmed investors this week, announcing that is not currently a priority. 

CARIBBEAN 

PUERTO RICO: The island’s Department of Public Housing launched on Wednesday its scheme to install in every public housing development in Puerto Rico. The project is expected to be completed by the end of 2022 and to cover more than 300 public housing developments. The estimated cost is $11.8 million.

This initiative supplements the Government’s ongoing efforts to set up anequipped with information and communications technologies in each housing project.

GUYANA: Exxon Mobil Corp., the U.S.-based energy multinational, of recoverable oil and gas reserves off the coast of Guyana to the equivalent of 10 billion barrels of oil.

The discovery of oil in Guyana in 2015 set the country on course to become one of the fastest-growing economies in the world. It also rekindled a centuries-old , a competing oil producer, that is currently being addressed in the International Court of Justice.

ExxonMobil holds a 45% interest in Guyana’s oil production and is the main operator. Other investors are U.S.-based Hess Corp. and China National Offshore Oil Corp.

CENTRAL AMERICA

EL SALVADOR: National organizations petitioned the International Monetary Fund (IMF) to require Nayib Bukele’s government to restore magistrates, and stipulate that President Bukele can’t run for reelection as conditions on any new loan from the IMF. 

Bukele has not made a formal announcement on intent to seek a second term. However, on Friday, he tweeted criticizing , claiming that the organizations now negotiate “” and closely associate with his opponents. 

In March, the government began talks for financial package with the IMF. Bukele requested an additional $1.3 billion from the IMF to build a new airport and a Pacific train line. 

NICARAGUA: Four Mayagna men were shot at on Monday while mining in the Bosawas nature reserve on Nicaragua’s Caribbean coast. Three men went missing and one . The victim was identified as, 41, from Wilu in Nicaragua’s North Caribbean region. 

On Wednesday, environmentalist Amaru Ruiz, director of the Del Río Foundation, claimed that it is the latest attack by settlers on Indigenous lands. Ruiz also mentioned the Aug. 25 massacre that left 12 Mayagnas dead – and that this is the third armed attack on the Mayagna community this year.

Nicaragua’s authorities have not made reports nor confirmed the killings in these zones.

NORTH AMERICA

MEXICO: 652 migrants were found inside six containers on Thursday, near the United States border in the northern state of Tamaulipas. The migrants were found under.

Tamaulipas is a well-known route for migrant smuggling. The majority of the migrants were found to have come from Central America. Nearly half of the migrants on board the containers were minors;

Doguín Martínez, a delegate from the National Institute of Migration (NIM), announced in an interview with Telediario Victoria that NIM has petitioned the government to provide adequate shelter for the undocumented migrants. The unaccompanied minors will be returned to their countries of origin. 

MEXICO/UNITED STATES: Mexico and the United States presented outlines, on Friday, for a between the two nations.  U.S. Secretary of State, Antony Blinken, stated that a between the two nations will help pinpoint the root causes of instability, corruption, and impunity. 

Mexico continues to struggle with related to organized crime and the battle over control of certain parts of the country.  This new approach will encourage the U.S. to designate more of its resources to aid the Mexican government.

The post Regional leaders named in Pandora Papers investigation into offshore tax havens appeared first on Latin America News Dispatch.

Source : Latin Dispatch More   

What's Your Reaction?

like
0
dislike
0
love
0
funny
0
angry
0
sad
0
wow
0

Next Article

Latin American and Caribbean women demonstrate in support of International Safe Abortion Day

THIS WEEK IN LATIN AMERICA REGION: Women took to the streets across Latin America and the Caribbean on Tuesday in recognition of the Global Day of Action for access to […] The post Latin American and Caribbean women demonstrate in support of International Safe Abortion Day appeared first on Latin America News Dispatch.

Latin American and Caribbean women demonstrate in support of International Safe Abortion Day

THIS WEEK IN LATIN AMERICA

REGION: Women took to the streets across Latin America and the Caribbean on Tuesday in recognition of the Global Day of Action for access to legal, safe and free abortion. Large demonstrations took place in Mexico, El Salvador, Colombia, Venezuela, Ecuador, Peru and Chile.

In Mexico, protesters were met with a, and violent clashes occurred outside the official residence of the President. Three weeks ago, Mexico’s Supreme Court declared the criminalization of abortion in the state of Coahuila unconstitutional, setting a historical precedent for the rest of the country.

Lawmakers in Chile of abortion on Tuesday, voting to debate a bill that would eliminate prosecution of women who get abortions in the first 14 weeks of pregnancy. Tuesday’s legislation is opposed by the government, and the path to decriminalization still faces obstacles. 

In San Salvador, feminist groups marched to the Congress to demand reforms. any possibility that abortion will be included in proposed constitutional reforms. El Salvador is known for some of the strictest abortion restrictions, which carry severe punishments and make no exceptions in cases of rape or medical complications. 

Currently, abortion is legal in only a few countries in Latin America, including Uruguay, Cuba, Argentina, Guyana, French Guiana, and parts of Mexico. 

SOUTHERN CONE

BRAZIL: Thousands of Brazilians demanded the impeachment of President Jair Bolsonaro in on Saturday. Protestors decried the President’s mismanagement of the COVID-19 pandemic; almost 600,000 persons have died of the coronavirus in Brazil.

According to the results of one poll released on Thursday, public disapproval of Bolsonaro’s governance hit in the past week. Despite this widespread disapproval and the almost 130 impeachment requests that have been submitted to Brazilian congress over the course of Bolsonaro’s tenure, commentators believe it is that the President will be impeached. The current Speaker of the Lower House, like his predecessor, has been reluctant to initiate proceedings. Moreover, Bolsonaro is thought to have enough allies in Congress to block an impeachment attempt.

PARAGUAY: Indigenous and peasant communities protested in Asunción this week against that increased penalties for occupation of private land. Protesters argued that the law represents an infringement on rights to defend territorial claims. 

In outside the Congress building, police attempted to disperse demonstrations using water cannons, tear gas and rubber bullets. Some protesters were pictured with slingshots, bows and arrows, and rocks, and there were reports of cars being set on fire. 

During the dictatorship of Alfredo Stroessner (1954-1989), millions of hectares of indigenous . A 2006 report from a state Commission for Truth and Justice, estimated that two-thirds of this land was redistributed to allies of the regime. Indigenous and peasant movements have since employed occupation tactics as a form of protest to reclaim the stolen territory.

ANDES

ECUADOR: 116 in riots at a prison in Guayaquil on Tuesday when violence between rival gangs broke out. Gruesome footage reveals multiple beheadings and dismemberments.  

Ecuador’s president Guillermo Lasso Wednesday called a state of emergency across the country’s penitentiary system. The decree allowed armed forces to enter the nation’s prisons to restore order. The head of Ecuador’s prison authority announced Friday that 2,000 prisoners would be pardoned in order to reduce overcrowding in the country’s detention centers. 

The events mark the third deadly riot in Ecuadorian prisons so far this year. In February and July of 2021, similar upheavals left over 100 dead. The surge in prison violence in recent years is accredited to increased competition between criminal gangs vying for drug routes.

VENEZUELA: Venezuela announced on Friday that it will launch a new currency that will feature six fewer zeros in response to the hyperinflation that the nation faces.  said the currency “will not be worth more or less; it is only to facilitate its use on a simpler monetary scale,” which does little to mitigate the nation’s economic crisis. 

Minimum wage is around and year-on-year inflation is 1,743%, according to the Venezualan Finance Observatory. The inflation has forced citizens to limit cash transactions at banks and use U.S. dollars or other electronic payment means for transactions. 

The Bolivar note has lost nearly 73% of its value in 2021. The International Monetary Fund estimates a 5,500% inflation rate for Venezuela by the end of 2021.  Venezuela’s banks no longer publish national inflation statistics.

CARIBBEAN 

HAITI/REGION: Bahamian and Cuban authorities have been intercepting Haitian migrants believed to be heading to the US in recent weeks. The and the released statements in the past week informing that hundreds of migrants were detained either at sea or within the respective territories. Both governments announced intentions to return migrants to Haiti.

The UN migration agency reported Friday that since September 19. This came one day after multiple UN agencies released calling on countries of the Americas to “refrain” from mass deportations and to collaborate on formulating a regional response that protects the rights of migrants. The US as well as Mexico and the Bahamas have been conducting .

PUERTO RICO: Hundreds gathered outside the Governor’s Mansion on Friday across the island. Throughout the week, were subject to 4-hour long blackouts. 

The demonstrations mainly targeted LUMA Energy, a privately-owned company that has been responsible for the distribution of the island’s electricity since June. indicate an increase in outages over the last three months compared to the same period last year. LUMA stated that the “selective outages” became necessary to manage the inadequate supply of electricity generated by the public power authority.

Puerto Rico’s since the damages caused by Hurricane Maria in 2017.

CENTRAL AMERICA

HONDURAS: More than half of the Honduran Island of Guanaja was destroyed by a large fire  on Saturday.  Authorities have not made it clear how the fire began, only that it

Honduran Air Force helicopters flew in and to help stop the fire from spreading. Guanaja residents had tried to control the flames, as the island does not have a fire department.  No “human losses” were reported; only substantial “material losses,” according to Max Gonzalez, minister of the National System for Risk Management and National Contingencies agency.  

rely on tourism for income. Some homes were used as businesses. The island’s deputy mayor, Mireya Guillen, said that the island is in need of supplies including “water, food and oxygen tanks.”  

NICARAGUA: Nicaragua’s health agency authorized on Saturday two Cuban-made COVID-19 vaccines, Soberana and Abdala, for emergency use. has yet to approve Cuba’s development of three vaccines against COVID-19.  Iran, Vietnam and Venezuela currently use Soberana and Abdala. 

Nicaragua’s vice president, Rosario Murillo, that the vaccines will arrive on October 20, and that the doses will be reserved for minors between the ages of 2-17. 

As of Saturday, the country has fully vaccinated less than – and a slightly higher number with only one dose.  Murillo expects to bring more vaccines through Covax Mechanism to “very soon” cover people ages 18 and over.

NORTH AMERICA

MEXICO: Mexican journalist, Manuel González Reyes, was shot and killed in Cuernavaca, Morelos’ state capital, on Tuesday afternoon.  The as the director of the news site, Portal Morelos Agency. State prosecutor’s office made the announcement on Wednesday.

made a formal announcement on their official Twitter account demanding an investigation that considers González Reyes’ work as a journalist. Artículo 19, an organization that protects and promotes press freedom worldwide, claimed that González Reyes’ attackers were on motorcycles. 

So far this year, Mexico has reported at least including González Reyes. According to government data, between December 2018 – July 2021, 43 journalists have been killed. Mexico is known as a country with one of the highest number of assassinated journalists.

The post Latin American and Caribbean women demonstrate in support of International Safe Abortion Day appeared first on Latin America News Dispatch.

Source : Latin Dispatch More   

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.