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Argentine President Javier Milei announced plans to shut down the country's tax collection agency, a bold step in his ongoing effort to slash government spending and bureaucracy.
Taxes on income, profit and capital gains: Income tax in Argentina is collected solely by the Government of Argentina, to the exclusion of the provinces. Argentina has a progressive tax on personal income that is collected as a deferred tax. It also has a flat rate tax on business income (corporate tax) - 35%.
"The national government will advance a significant reduction in taxes, starting with the country tax, a distorting tax," said Milei during an event in the province of Cordoba.
The National Reorganization Process (Spanish: Proceso de Reorganización Nacional, PRN, often simply el Proceso, "the Process") was the military dictatorship that ruled Argentina from 1976 to 1983.
The political process initiated on 24 March 1976 took the official name of "National Reorganization Process", and the junta, although not with its original members, remained in power until the return to the democratic process on 10 December 1983.
Argentina's new government withdrew major spending reforms from a sweeping "omnibus" bill in Congress to facilitate its approval, the economy minister said on Friday, while stressing President ...
Argentina's many years of military dictatorship (alternating with weak, short-lived democratic governments) had already caused significant economic problems prior to the 2001 crisis, particularly during the self-styled National Reorganization Process in power from 1976 to 1983.
Argentina's lower house on Tuesday passed a government-backed bill to cut taxes on high-income earners, a move that would erase about one trillion pesos ($2.8 billion) from state coffers in 2023 ...