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Mexico’s next finance chief to fight use of co-ops to evade tax

Bloomberg Mexico’s next president, Andres Manuel Lopez Obrador, plans to fight tax evasion and boost revenue by clamping down on companies that take advantage of special rules for cooperatives to avoid paying tax, according to his pick for finance minister. The next government will put an end to use of cooperatives by “unscrupulous people” to evade tax, Carlos Urzua told ...

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US agency freezes ‘Obamacare’ payments

Bloomberg The US agency that administers Obamacare is freezing payments to insurers that cover sicker patients, saying a federal court ruling ties its hands. The move brought a sharp response from health insurers warning of market disruptions and higher costs. The Centers for Medicare & Medicaid Services said that the February action by the trial court in New Mexico “prevents ...

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Mario Draghi, what you really need is a barbell

The answer to one of Mario Draghi’s problems lies in a dusty corner of a basement gym. Though the European Central Bank is ending new net bond purchases through quantitative easing, its sti-mulus packages are still very much under discussion. One issue concerns the maturities it will target when it reinvests its substantial slug of maturing debt and coupon payments ...

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