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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.
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.
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 ...
As of that year, it is under a stand-by program from the International Monetary Fund. In 2019, the currency fell further by 25%. In 2020, it fell by 90%, in 2021, 68%, [24] and a further 52% in 2022 (until July 20). [25] Argentina is considered an emerging market by the FTSE Global Equity Index (2018), and one of the G-20 major economies. In ...
"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.
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]
BUENOS AIRES (Reuters) -Argentina's Economy Minister Sergio Massa said on Sunday the government will give workers tax relief from November by raising the threshold at which income tax is charged ...
During the presidency of Carlos Menem (1989–1999), he signed 545 DNUs in ten years, or 54.5 per year. [14] None of his Necessity and Urgency Decrees were analyzed by the legislative branch of the government. In Fernando de la Rúa's two-year presidency (1999–2001), 73 special decrees were released. His average was thus 36.5 DNUs per year. [14]