POLITICS Argentina spares millions from paying income tax as vote nears 11-09-2023 21:12 Workers earning less than 1.7 million pesos (US$4,857) per month won’t have to pay income taxes as of October, up from the previous threshold of about 700,000 pesos.
LITHIUM MINING Rio battles high-bidding carmakers in hunt for lithium deals 22-02-2023 12:12 Rio Tinto Group, one of the world’s most profitable companies, faces a tough battle to grow its lithium business, with some of the biggest carmakers seeming to be willing to outbid it for a “very expensive” price.
POLITICS & POLICY Argentina pushes bill to tax ‘unexpected’ profits amid disputes 07-06-2022 08:05 President unveils legislation to slap a 15 percent tax on companies’ extraordinary profits, a move seen as appeasing the most radical left-wing members of his divided coalition.
POLITICS Fernández, Guzmán seek special tax on Ukraine war windfall profits 06-06-2022 21:34 Reacting to tensions in the ruling coalition, President Alberto Fernández vows to move ahead with windfall profits tax and tells Congress it has the “obligation to support” the bill.
BLOOMBERG Dollar bonds yielding 0% are minting money for Argentine banks 13-05-2022 16:14 Banks have latched on to a lucrative trade that produces all-but-guaranteed profits while also allowing local corporations to sell dollar bonds paying coupons as low as zero percent.