Macroeconomy/Finance

Argentina’s new economy bill hikes taxes on farm exports, foreign assets

Argentina’s government is seeking higher taxes on agricultural exports and to tax foreign assets held abroad, the Economy Minister Martin Guzman said to the press. The government wants to raise export taxes on wheat and corn to 15% from 12%. The bill would also raise the tariff cap on soybean exports to 33% from 30%. It also seeks to tax financial assets abroad. The purchase of foreign currencies would be taxed by 30%.

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Source: Reuters