In Venezuela’s survival economy, local taxes become latest challenge for business By Reuters – Investing.com

In Venezuela’s survival economy, local taxes become latest challenge for business By Reuters – Investing.com

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© Reuters. Workers from the municipality of Chacao wait for residents to collect water for their homes or businesses at a water supply point, in Caracas



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By Corina Pons and Mayela Armas CARACAS (Reuters) - Venezuelan mayors desperate for cash are levying hefty tax hikes and launching aggressive collection campaigns that have spurred complaints from businesses already struggling to stay afloat in an economy battered by economic crisis and the global pandemic.     Bills for local taxes and municipal services, which were for years so cheap that business hardly noticed them, have over the last year jumped to thousands of dollars per month. In some cases, that has led to legal disputes and incarcerations.     It is the latest chapter in President Nicolas Maduro's abrupt liberalization of Venezuela's economy as U.S. sanctions ushered in an end to generous subsidies and