Special Report 2018 : Córdoba, Argentina In a land of great diversity and culture, Argentina seeks to unlock the potential of its natural resources Argentina is a land of rich cultural and national heritage, and significant geographical diversity, which attracts visitors from around the world. The strategic importance of the country’s capital, Buenos Aires, whose port remains a significant trading…
In the mid-20th century, Argentina was becoming a growing power in the southern hemisphere. Its energy and agricultural wealth were a tantalising draw for investors and talent fleeing post-war Europe. However, questionable financial management from various governments in the 1990s led to excessive volumes of debt, hyperinflation and, ultimately, an unprecedented currency crisis. But in only two de
Fiscal consensus reached by the federal government, the provinces (except San Luis) and the Autonomous City of Buenos Aires saw the enactment of Law No. 27,429 (the Fiscal Consensus Law) on December 22, 2017. The bill’s objective is to implement tax policies designed to promote and increase investment, as well as private employment, through a reduction in the fiscal burden of taxes with…
Interview:César Litvin How do you expect the country’s fiscal reform to affect business competitiveness? CÉSAR LITVIN: The tax reform approved at the end of 2017 constitutes the most important of its kind in the past 30 years, and with over 300 articles, its coverage is extensive. However, we cannot say that this marks a turning point for competitiveness, as its provisions are too gradual…
This chapter provides an overview of Argentina’s tax regime, covering areas of particular interest to investors such as tax on gross income, real estate tax, stamp tax, and other investor considerations. This chapter contains an interview with César Litvin, CEO, Lisicki, Litvin & Asociados.…
Recent decades have seen a downward trend in corporate taxation, with headline corporate tax rates falling by 20 percentage points since the early 1980s. The average for advanced economies dipped to 22% in 2015, and investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial crisis, many countries had to slash spending and raise…
