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Export taxes comprised 8% to 11% of the Kirchner government's total tax receipts, around two-thirds from soy exports. [146] Taxes on imports and exports increased government spending from 14% to 25% of GDP. [145] However, the import and export taxes discouraged foreign investment, while high spending pushed inflation over 20%. [145]
Mutual trade reached nearly US$20 billion in 2022, with US$6.9 billion in U.S. imports from Argentina and US$13 billion in exports to Argentina. [27] Trade in services with Argentina has been especially advantageous for the U.S., with Argentina's services deficit with the U.S. reaching US$5 billion in 2019 [31] - the entirety for that year. [6]
Argentina's 2023 annual inflation was the highest in the world at 211.4%. [42] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [43] Because of Milei's policies, the monthly inflation rate dropped to 2.4% in December 2024, marking an end to Argentina's period of hyperinflation. [44]
19% (9% for small taxpayer, those with revenue in a given tax year not exceeding the equivalent of €1.2 million and that have "small taxpayer" status) [189] 9% (for income under 30.000 złotych per year) •0% income tax [190] •9% Health Insurance(non-deductible) [191] 41% or 45% •32% Income tax •9% health insurance
Argentine President Mauricio Macri on Monday announced new taxes on exports in the world's third-biggest soy producer and steep cuts to spending in an "emergency" bid to balance next year's budget ...
Argentina's Milei pledges 'significant' tax cuts if congress approves reforms. ... the far-right president said he would cut the tax on agricultural exports, of which Argentina is a world leader.
Global map of countries by tariff rate, applied, weighted mean, all products (%), 2021, according to World Bank. This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and ...
The country's central bank sold some $150 million on Monday, the largest daily fall in reserves since early August, traders told Reuters, adding to drops of some $368 million last week and $72 ...