After Currency Respite, Now More Taxes For Chilean Wines
Forbes.com/.- After years of dealing with a strong local currency, Chilean wine exporters began celebrating the peso’s decline versus the U.S. dollar, but the cheering subsided when Chile’s new administration in March sent a bill to Congress that includes raising taxes on companies and alcoholic beverages. For the past several years, Chilean wine producers have been complaining about the strong local currency, as most of their revenue is denominated in dollars while their costs are in pesos. With the dollar…