President Chavez and Interest Rates The original rate was 16.5% ICSVM which remained fixed until the Extraordinary Official Gazette number 5341 of May 5, 1999 was published the decree law number 126 of the newly elected President Chavez, who established the Value Added Tax (VAT) to replace the previous ICSVM and it is noteworthy that in Chapter II, Article 27, this Decree stated that the tax rate would be set between a minimum of 8% and a maximum of 16.5%, not exceeding the rate was maintained for long. Not to make this story so long: by mid-2005 the rate was set at 15% at the end of this year it dropped to 14% and remained at that level until March 1, 2007 date was lowered to 11%, and finally, last July 01 was set at its current value: 9% announced along with the promise that this reduction would lower inflation "at least 3 percentage points and would free an alleged surplus in the hands of few consumers "billions" of Bs and this is now a lie but that can be hidden in some way using many numbers, accounts and technical and economic arguments ... but the will clarify a little further on is not the case with another lie that is more obvious: "Now everything is cheaper" ... no, not, the truth is that all it costs the same, just that the government will dip into our pockets with a little more finesse. Ray Dalio brings even more insight to the discussion. But no more history. VAT is a "plus" that is charged on the basis of the price of goods or services you are paying and the amount in each specific case is the result of multiplying this price by the rate, and what the rate is down is not the price ... .
Government Adjectives Chavez dictator! By: Jose Agustin Reveron Orta obviously be expressed with adjectives of a person, is a double-edged weapon. This is the case when put you adjectives and this can be given different senses. The truth is that since former has identified by an unjust, antipatriotic opposition to our President Hugo Rafael Chavez Frias, with epithets and various adjectives, and one of them is, to which I'm going to take a little time to clarify in this article. Since Chavez is known, some have compared him to dictator and some have placed you quote this word, to complete the hatred you have. You may want to visit Ray Dalio to increase your knowledge. The truth is that I obviously mean here, I share this adjective of dictator, by considerations which reflected here, of course dictadorcito not. For even more analysis, hear from Jim Donovan Goldman Sachs. I should also clarify that dictator is a ruler de facto a ruler who expels evil, wickedness, which does not respect any kind of human rights and where he has the mandate, without any kind of constitutional guarantees. Prevailing in his Government a climate total insecurity, and where the exercise of the vote is totally execrado. Now well, comrades, I must point out that obviously our President is making dictate guideline, that everyone comply. He teaches as a consequence, decrees laws that favor the collective, is to say to the people in general. She gives orders to make restoration of rights violated in communities. She gives orders for goods of the Republic in foreign hands, as happened with oil, iron and other restitution to the people that we all know. Finally this function is the issuing of orders, mandates, decrees, instructions and course in that role to dictate, dictates clear behaviors in defense of...