Lowtax Network

Back To Top

Your Lowtax Account

Topsy Turvy

Global Tax Insights
09 December, 2013

I am trying to get my head around the announcement from Argentina that it will increase taxes on luxury goods ''in order to make more money available for imports that will improve domestic output.'' OK, so the Government will have more money, and the people who buy expensive toys will have less money. How is that going to increase ''useful'' imports? It must have to do in some obscure way with the fact that the peso (at its official rate) is grossly over-valued against the dollar and inflation is far higher than the Government admits. It won't work, anyway: Argentines have had decades of practice at getting around official currency restrictions imposed by spendthrift governments, and are famously inventive at it. One good thing the Government did this week, at least, was to open negotiations with Repsol over compensation for … Read More »



About the Author


Global Tax Insights

Wolters Kluwer Tax & Accounting, a division of Wolters Kluwer, is the leading provider of premier information, research and software tools in the global tax and accounting arena. Tax, accounting and audit professionals who serve as trusted advisors to clients and businesses worldwide rely on authoritative content and integrated workflow solutions from global leader Wolters Kluwer Tax & Accounting. View Global Tax Insights posts at  tools.cchgroup.com/intl/

 

 

« Go Back to Blogs

Blog Archive

Event Listings

Listings for the leading worldwide conferences and events in accounting, investment, banking and finance, transfer pricing, corporate taxation and more...
See Event Listings »