Argentina raised farm export taxes, the country's main source of foreign ex...
BUENOS AIRES - Argentina raised farm export taxes, the country’s main source of foreign exchange, with a decree on Saturday aimed at increasing government revenue ahead of restructuring talks on about $100 billion in sovereign bonds and loans.
“Given the serious situation that public finances are going through, urgent adoption is necessary to meet, at least partially, budget expenditures with new resources,” the decree stated. “I understand that there was an increase in grains export taxes. What we do not know is in what magnitude because there are several ways to make the formulas. The decree is not clear,” Carlos Iannizzotto, head of Coninagro, one of Argentina’s main farm groups, told Reuters.
The country’s new agriculture minister, former left-leaning congressman Luis Basterra, was sworn in on Tuesday after Peronist President Alberto Fernandez was inaugurated to replace free-markets advocate Mauricio Macri, who failed to win re-election due to the unpopularity of his tight fiscal policies.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Argentina's new president surprises students for final examsArgentina's new President Alberto Fernandez briefly swapped duties on Frida...
Consulte Mais informação »
New push in California for immigrant tax filers to receive tax creditsImmigrants who file with an ITIN number cannot receive tax credits
Consulte Mais informação »
Opinion | Warren’s Economic IllusionsFrom WSJopinion: A new analysis says Warren’s wealth tax would fall short—by $1.5 trillion, writes The Editorial Board.
Consulte Mais informação »
The rights and wrongs of central-bank greeneryIf governments want to penalise polluters, they can do so with taxes, or by empowering new environmental bodies
Consulte Mais informação »
Many Farmers Are Feeling The Burn Of A Hemp BustThe CBD industry is booming, and many farmers joined the green rush hoping to cash in. But the market is starting to sour, and some farmers are seeing...
Consulte Mais informação »
New Orleans city government hit with cyberattackThe computer network that handles governmental operations for the city of New Orleans was taken offline Friday by a cyberattack, city officials say.
Consulte Mais informação »