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Lowtax Blogs Tagged 'Argentina (AR)'

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  • Goodbye Argentina

    Goodbye Argentina

    Global Tax Insights

    06 Feb, 2014

    "Fog On The River Plate: Argentina Cut Off!" That's how it must seem to tormented Argentine consumers, who are gradually being incarcerated behind an impenetrable wall of fiscal constraints which effectively prevent them from dealing with the outside world. The rules governing e-commerce importations are so strict and bureaucratic that such imports will cease, to all intents and purposes. Argentinians are used to getting around their government's pettifogging restrictions, yet even so, this is a Draconian and illiberal measure, which the government has been driven to by its own profligate incompetence.
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  • Topsy Turvy

    Topsy Turvy

    Global Tax Insights

    09 Dec, 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 …
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