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VAT is not an instrument to combat informality

By Rodrigo Ibarrola After months of uncertainty, the Executive Power finally vetoed completely the Law that would have allowed service providers to deduct Value Added Tax (VAT) on purchases of food products, clothing and other items that would not usually be d... More »

Why are there so many gas stations in Paraguay?

By Javier Lassalle High oil prices and public policy attempts to mitigate the effects of the rise put the fuel sector under the spotlight. Although the policy measures (such as the stabilization fund or the subsidy to Petropar) sought a temporary solution, in ... More »

How does the Central Bank gauge inflation?

Rodrigo Ibarrola Regardless of whether or not the measurements reflect the reality of each Paraguayan household (an objective impossible to achieve faithfully), it is not unusual to question the inflation reported by the Central Bank of Paraguay, measured by t... More »

Bandit state(s) and fraudulent bourgeoisie(ies)

Jorge Rolón Luna * Today’s world is ruled by crooks and thieves; moreover, traffickers, pirates and smugglers are reshaping it according to their interests, affecting governments, violating societies and undermining democracies, argue Olivier Bullough and Mois... More »

The end of North American hegemony, a myth

By Nelson Denis. During the 1970s, various academics began to notice certain weaknesses in American foreign policy. This was the time of the American defeat in the Vietnam War, the breakdown of the Bretton Woods System, the first oil crisis, and the end of acc... More »