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In the mid-2000s, export of unprocessed soybeans, soybean oil, and meal generated more than 20% of Argentina's export revenue, triple the joint share of the traditional exports of beef and wheat. [142] Export taxes comprised 8% to 11% of the Kirchner government's total tax receipts, around two-thirds from soy exports. [146]
Argentina developed an agro-export model where they were highly dependent on the external sector, exporting commodities mostly to Western Europe.Much as colonial elites tried to emulate European styles, a wave of European investment and immigration so reshaped local culture and architecture in the late 19th and early 20th centuries (primarily in the Pampas area), that visitors often compared ...
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]
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
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 likely logged the largest trade surplus in its history in 2024, a Reuters analyst poll released on Friday showed, on the back of libertarian President Javier Milei's bid to boost grains ...
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.
The level of customs duties is a direct indicator of the openness of an economy to world trade. However, there may also be import barriers that are not based on the levy of duties. The following table shows the tariff rate, in percentages, according to United Nations Conference on Trade and Development (UNCTAD) , [ 1 ] World Trade Organization ...