Bottom Line Up Front
Today’s verdict: Cali locks down for tomorrow’s presidential handover — a car-free day, a daytime dry law and cargo, fuel and drone bans — while Uruguay quietly ends its territorial tax era with a 12% levy on residents’ foreign passive income, and Brazil’s Copom cuts the Selic to 14.00%.
Cali handover. The inauguration is tomorrow at 3 p.m. at the Arena USC, behind an operation of more than 11,000 personnel. Cargo, fuel-container and drone restrictions start this morning, and Friday brings a city-wide ban on private cars and motorcycles plus a dry law from 6 a.m. to 8 p.m.
Uruguay’s tax shift. Residents now owe 12% on foreign interest, dividends, rents and capital gains — with a narrower 8% option via a custodian intermediary — with the first payment due in October.
Brazil rates. The Copom cut the Selic a quarter point to 14.00% last night; Mexico’s Banxico decides today.
