Argentina continues to lead the ranking of countries that charge more taxes

The investment of companies in Argentina -small, medium and large- in the payment of taxes is the highest in the whole region. Among the Mercosur nations, the total pressure on companies and individuals stands out the Argentine case; and to the national taxes, we must add the provincial and municipal rates. Argentine companies pay 106% tax on their profits and must pay taxes even with their initial investment. The weight of the Argentine state on the formal economy is one of the main problems when it comes to investment.

Source: Infobae