Panama Targets EU Blacklist Removal with Proposed 15% Tax on Inactive Multinationals

by Paul Brown | May 8, 2026 | Hispano-Luso Report

Panama’s government is pushing forward legislation that would impose a 15% tax on the gross income generated in the country by multinational companies that cannot demonstrate genuine economic activity there. The proposal forms part of Panama’s effort to be removed...

Venezuelan bonds surge after US move to facilitate debt restructuring

by Paul Brown | May 6, 2026 | Hispano-Luso Report

Venezuelan sovereign and PDVSA bonds have surged after the US Treasury authorised the country to hire specialist legal and financial advisers for a potential debt restructuring process. The move is seen as a significant step towards formal negotiations with creditors...

Revolut increases its Mexico investment to US$167 million

by Paul Brown | May 5, 2026 | Hispano-Luso Report

Revolut has increased its total investment in Mexico to US$167 million, reinforcing its commitment to expanding in one of Latin America’s largest financial markets. The latest capital injection—around US$64 million—was channelled into its Mexican subsidiary to...

Mercosur trade deal strongly disliked by Canadian beef producers

by Paul Brown | May 5, 2026 | Hispano-Luso Report

Canadian beef producers are alarmed by the government’s pursuit of a free trade agreement with Mercosur, the South American trading bloc comprising Argentina, Brazil, Paraguay, and Uruguay. The president of the Canadian Cattlemen’s Association (CCA), Tyler...

Bank of Spain sees EU–Mercosur trade agreement benefitting Mercosur countries to greater extent

by Paul Brown | Apr 29, 2026 | Hispano-Luso Report

Bank of Spain believes the EU–Mercosur trade agreement will deliver greater overall benefits for Mercosur countries than for the European Union, although both sides stand to gain. According to the Bank, the deal—after more than 25 years of negotiations—will eliminate...