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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.
Evolution of GDP growth. The economic history of Argentina is one of the most studied, owing to the "Argentine paradox". As a country, it had achieved advanced development in the early 20th century but experienced a reversal relative to other developed economies, which inspired an enormous wealth of literature and diverse analysis on the causes of this relative decline. [2]
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 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.
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.
"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.
Argentina began a period of fiscal austerity in 2012, dubbed "Sintonía fina" (Spanish: Fine tuning) by the government. [ 1 ] [ 2 ] It included increases in several utility and public service rates, limits on wage raises, limits on imports, and a reorganization of state enterprises.
Macri said that far-reaching measures to balance the budget were the only way to draw a line under repeated bouts of financial turmoil over decades in Argentina. Argentina unveils 'emergency ...