Bloomberg Argentina seeks to tax lithium boom to avoid region’s resource curse 02-10-2023 11:57 Provincial and federal officials want to tap the profits of lithium companies with an annual tax that would be put toward building infrastructure.
'Ganancias' bill Argentina to all but end income tax as election spending spurs inflation 29-09-2023 09:27 Sergio Massa's push to eliminate income taxes for almost all formal workers wins approval in the upper house.
economy How Javier Milei would cut Argentina spending by 14% of GDP 25-09-2023 09:15 Javier Milei’s fiscal belt tightening would focus on slashing expenditures on subsidies for utility bills, like gas, electricity and water, as well as federal government transfers to poor provinces.
'Ganancias' bill in Congress Income tax bill clears lower house with support from Milei, left-wingers 20-09-2023 16:38 Bill to raise ‘ganancias’ threshold to 1.77 million pesos approved by lower house; 135 Frente de Todos, provincial party, leftist and libertarian deputies, among others, back it; 103 votes against, mostly Juntos por el Cambio.
MINISTER ON CAMPAIGN Massa aims portfolio power at pockets with income tax bill 14-09-2023 13:55 Economy Minister Sergio Massa raises income tax minimum threshold and programme to return IVA value-added tax, just one month before elections; Move means just 80,000 tax-payers will be paying 'ganancias' from October onwards.
WATERWAYS South American neighbours slam Argentina over river tax on Paraguay 11-09-2023 21:18 Argentina’s neighbours have sharply criticised its tax against commercial boats travelling through the key Paraná River, backing Paraguayan objections.
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.
ELECTIONS 2023 Milei’s plan for Argentina: Dollarisation, scrapping taxes and more 14-08-2023 13:51 From ditching the struggling peso to eventually eliminating Argentina’s Central Bank, outsider presidential candidate Javier Milei has vowed to implement a series of bold — and perhaps unfeasible — measures.
ECONOMY MINISTRY Government raises income-tax floor to half a million pesos 25-04-2023 13:29 Government raises income-tax floor to 500,000 pesos as inflation bites into pockets of workers.
FEATURE Epic drought pushes economic crisis to new extremes 12-04-2023 15:43 Exports poised to plummet with almost half the soy crop ruined; Dollar shortage putting pressure on peso, fuelling inflation.
POLITICS – ANALYSIS Operation ‘spook’ 17-12-2022 06:00 With inflation running near 100 percent and an economy that could grind to a halt given a structural lack of hard currency, optimism is reserved for the brave. by Agustino Fontevecchia
US-ARGENTINA RELATIONS Massa seals tax info exchange deal with United States 06-12-2022 22:29 Argentina’s Economy Minister Sergio Massa wins over Washington and signs an agreement with US Ambassador Marc Stanley guaranteeing the exchange of tax information from Internal Revenue Service.
ECONOMY Argentina will sign tax info exchange deal with US soon, says AFIP chief 09-11-2022 21:34 Head of Argentina’s tax agency confident that Argentina will sign an agreement with the United States government regarding the exchange of tax information later this month.
EDITORIAL Budget or judge it (or fudge it) 29-10-2022 06:00 It looks like Argentina will have next year the Budget which it never could in this – that is the main upside after long hours of parliamentary debate which have done nothing to redeem politics from its current disrepute.
POLITICS & CONGRESS Lower house approves 2023 Budget after marathon session 26-10-2022 12:23 Ruling coalition secures approval of 2023 Budget bill with 180 votes in favour, 22 against and 49 abstentions, though articles to strip income tax exemptions for judges and judicial workers fails to win support.
BRAZIL ELECTION 2022 Lula alleges Neymar supports Bolsonaro over debt woes 19-10-2022 11:24 Luiz Inácio Lula da Silva slams football star Neymar's support for Jair Bolsonaro, alleging the player has been motivated to back the incumbent by a debt "pardon."
BLOOMBERG – ANALYSIS British pound collapse erodes international trust in UK 28-09-2022 23:41 The UK thought it had the trust of markets — until it didn’t. Now homeowners and businesses will likely have to pay the price.
AGRICULTURE Farmers stage 24-hour strike against government, citing 'tax pressure' 13-07-2022 12:26 Farmers in Argentina ceased sales for 24 hours on Wednesday as agricultural industry leaders criticised government policy, tax pressures and fuel shortages.
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 As rivals turn screws on mining, Argentina puts out welcome mat 11-05-2022 23:35 Government turns to capital-control loopholes and tax breaks, eyeing export boost as neighbours look to raise mine taxes.
Inflation & Currency Closing the 'escape valve' – Venezuela pursues de-dollarisation 06-05-2022 10:45 Venezuela is now trying to re-energise its own currency, the bolívar, which has been crippled by devaluation in recent years.
AND THAT REMINDS ME… Windfalls or smokescreens? 23-04-2022 00:01 In proposing to milk any commodity price bonanza arising from the Ukraine war without offering anything to recoup losses, the government is blatantly applying a “heads I win, tails you lose” logic. by Michael Soltys
TECH & TAX Argentina's tech industry earning billions of dollars off the books 22-04-2022 16:30 Billions of dollars in Argentine technology exports are going unreported as companies and freelance workers skirt currency controls, according to an industry group.
ANALYSIS: EXPERT VIEW Economists weigh in on government’s new bonus and windfall tax 21-04-2022 14:54 Experts critique new tax announced by President Alberto Fernández and Economy Minister Martín Guzmán and highlight reasons for new bonus payment.
RULING COALITION Frente de Todos senators eye bill to tax undeclared assets held overseas 28-03-2022 22:02 Ruling coalition senators propose new bill that would tax the undeclared assets of citizens held overseas and use them to pay off IMF debt.
FOOTBALLERS & WEALTH TAXES ‘Kun’ Agüero versus the Kirchnerites 18-02-2022 22:54 Sergio Agüero sparks debate and anger on social networks after he questions the national government’s ‘wealth tax’ on large fortunes. by Daniel Vico
CRYPTOCURRENCIES IMF urges El Salvador to remove Bitcoin as legal tender 25-01-2022 18:45 The IMF on Tuesday called on El Salvador to change course and stop using Bitcoin as legal tender, citing "large risks" posed by the cryptocurrency.
wealth tax Wealth tax nets 247 billion pesos from 10,000 tax-payers 29-12-2021 23:19 According to Economy Ministry data, revenue from Argentina’s one-off capital levy on assets totals 247.503 billion pesos (around US$2.4 billion) as of December 18, with contributions from more than 10,000 tax-payers.
COURT RULING Carlos Tevez loses legal bid to avoid paying Argentina’s wealth tax 22-12-2021 12:32 Court rejects injunction filed by ex-Boca Juniors striker Carlos Tevez seeking to exclude him from paying Peronist government’s wealth tax on large fortunes.