MercadoLibre is commonly referred to as the ‘Amazon of Latin America.’ Both an online marketplace and a payments platform, the company operates in a region with tremendous potential, one that has yet to undergo a digital transformation of retail. In this article, Community columnist Aditi Somayajula explains why MercadoLibre is one to watch.
It’s no secret that COVID-19 has transformed the American economy. Manufacturing plants are shutting down, employees who can are working from home, and companies are struggling to stay afloat. Although many of these changes are temporary in such scale, they may be permanent in a smaller scale—i.e., some number of employees who were previously commuting to work will likely permanently switch to working from home after being introduced to this possibility.
The United States has been an economic powerhouse in the world since 1920, but has the implementation of taxes stymied its growth whatsoever? Congress recently reviewed tax policies, with extensive changes on the capital gains tax, a tax on assets that have accrued value over time when sold, regardless of when the gains had been accrued. The federal income tax does not tax all capital gains. For example, if a stock is purchased in 2010 at $100 and sold in 2020 at $150, the tax would be on the $50 accrued value in the current year. Economists believe that capital gains tax rates have resulted in economic prosperity and stability in the United States for nearly a century since 2016.