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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%. There is a stamp tax of 1.5% on the total value of real property , whether it gained or lost value, as opposed to just 1.5% applied only to realised capital gains.
Minister Alfonso Prat-Gay takes part in meetings with the IMF and the World Bank, shortly after the end of the default.. The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's ...
In addition, foreign banks regulated credit in Argentina and controlled the international transport of Argentine exports. [7] By 1946, Argentina found itself with significant reserves of gold and foreign currencies originating from exports during the World War II. The accumulation of a favorable balance in the trade balance in the form of gold ...
Tax evasion has long saddled Argentina's public finances, shifting the burden to the middle and working classes by way of high value-added taxes (which are easier to collect). Improvements in enforcement since the 1990s have abated the problem from its peak in the 1980s, when fully half of all tax liabilities (and most income taxes) were evaded ...
The bill sought "to promote transparency and due administrative process…to obtain efficient regulations for market competitiveness, job creation, and everything that contributes to raising the ...
The plan aimed to secure raw materials, fuel, and equipment over five years while expanding Argentina’s industry and agriculture. To speed up customs and port services, the plan proposed creating a central agency, the General Administration of Customs and Ports, which would have more authority than the previous Directorate of Customs.
Argentina's Peronist Economy Minister Sergio Massa may be about to pull off a political miracle: win a presidential election despite being at the helm of the country's worst economic crisis in ...
Argentina's public debt grew enormously during the 1990s without showing that it could service the debt. The IMF kept lending money to Argentina and extending its payment schedules. Reports indicate that tax evasion and money transfers to offshore banks played a role in capital outflows.