News of taxes

Government cuts reduces key export taxes for agriculture, mining

02-10-2020 11:09 Government to reduce export taxes on several key commodities over the next three months, in an effort to boost dollar inflows as Central Bank reserves decline.

Bloomberg

Government mulls temporary cut on some crop export taxes

29-09-2020 17:16 Government weighing temporary reduction on some export taxes to boost dollar inflows, Bloomberg reports.

MINISTRY POSITIONS

Taxation the only certainty beyond the end of life (and this column)

20-06-2020 11:11 Taxation dates from this country’s earliest days even if customs dominated revenue in colonial and 19th century Argentina, the root cause of the incredible centralisation persisting today.

by Michael Soltys

Coronavirus pandemic

CIPPEC: Central Bank main source of Treasury financing during pandemic

20-06-2020 10:27 The Central Bank has become the main source of Treasury funding during the pandemic crisis, passing from 3% to 40% of the total in the past year, the CIPPEC think-tank has revealed.

THE LAST SEVEN DAYS

What we learned this week: June 13 to June 20

20-06-2020 09:55 Some of the most important stories in Argentina from the last seven days.

Pandemic fight

‘Homeland tax’ plan proposed to finance fight against coronavirus

08-04-2020 08:38 Unionist wing of Frente de Todos coalition proposes one-time levy for Argentines who have assets of more than 10 million pesos in bid to boost coffers for fight against coronavirus. Government does not support move at present.

Fight against virus

Crisis lending surges as government obliges banks to assist

02-04-2020 16:47 Credit lending is making a comeback in Argentina as the country seeks to flood its streets with pesos to mitigate the effects of the coronavirus.

Bloomberg

Default rocks the Argentine brokers who sell soy to the world

21-02-2020 12:23 Soy giant Vicentin files for bankruptcy, posing a threat to the Argentine soy industry.

TECH GIANT

Amazon highlights taxes paid in pushback against critics

31-01-2020 17:09 The tech giant, whose market valuation moved back above US$1 trillion following its earnings report Thursday, declared it paid more than US$1 billion in US federal income taxes in 2019, along with US$2.4 billion in other federal taxes, including payroll taxes and customs duties.

SPANISH POLITICS

Spanish PM Sánchez to stay on after aligning with Podemos

07-01-2020 12:51 Spain's Parliament on Tuesday narrowly confirmed Socialist leader Pedro Sánchez as prime minister for another term, paving the way for the country's first-ever coalition government since its return to democracy in the 1970s.

Economic Recovery

First protest against new government, sparked by recovery package

19-12-2019 12:32 Pro-Macri demonstrators protest against pension freezes and tax hikes on exports and foreign expenditures.

Bloomberg

New tax hike is nightmare come true for Argentina's farmers

17-12-2019 16:55 As the new government continues to roll out tax hikes, powerful agricultural producers are showing both concern and anger.

NEW ERA IN ARGENTINA

Fernández administration to send recovery package to Congress

16-12-2019 15:21 Legislative package includes, among other measures, a 30 percent surcharge on 'tourist dollar,' increased taxes on exports and plans to make healthcare more accessible and affordable, according to government.

World

WhatsApp tax sparks protests in Lebanon

18-10-2019 15:28 In the midst of a massive economic downturn, the government imposed taxes on the free messaging service. Widespread outcry ultimately compelled the government to reverse its policy within hours, but protests have yet to cease.

ELECTION 2019

Embattled farmers eye presidential vote with apprehension

16-10-2019 19:38 Farmers are bracing for the possible return of interventionist policies if the Peronist ticket headed by Alberto Fernández and Cristina Fernández de Kirchner wins the October 27 ballot.

ECONOMIC MEASURES

16 governors appeal to Supreme Court over Macri's IVA cut

26-08-2019 14:04 The governors argue the sales tax cut is unconstitutional and circumvents Congress.

ECONOMIC QUESTIONS

Cause I’m the taxman

27-10-2018 08:41 Last month’s trade surplus was certainly welcome news after 20 months in the red – the result of recession and devaluation rather than the protectionism espoused by Donald Trump.

by Michael Soltys