Politics

Maduro Embraces Capitalism and Venezuelan Emigres Are Returning

Drawn by dollarization, some who left are now drifting back
Dollar sales will be taxed and companies can issue dollar debt

Maduro prepares to deliver his state of the union address at the Constituent National Assembly on Jan. 14. The Constituent National Assembly approved a value-added tax for 70% of transactions that occur in dollars. — Maduro prepares to deliver his state of the union address at the Constituent National Assembly on Jan. 14. The Constituent National Assembly approved a value-added tax for 70% of transactions that occur in dollars.Photographer: Carlos Becerra/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Take our Survey

By Patricia Laya and Alex Vasquez

February 7, 2020 at 9:00 AM UTC

This article is for subscribers only.

Versión en español

Carlos Viloria came home to Venezuela last month.