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Argentina’s ‘Fiscal Innocence’ Bill Seeks to Legalize Undeclared Dollars and Revamp Tax System
Key Takeaways Argentina’s government has introduced the “Principle of Fiscal Innocence” law, a sweeping reform aiming to liberalize the tax regime and encourage the formalization of undeclared wealth. The proposed legislation drastically raises thresholds for tax evasion crimes and shortens statutes of limitations, while offering new mechanisms for taxpayers to regularize past financial irregularities. A…
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Argentina and Italy Cement Landmark LNG Export Deal for Vaca Muerta Gas
Key Takeaways Argentina’s state oil company YPF and Italian energy giant Eni formalized a strategic agreement to develop a large-scale liquified natural gas (LNG) export project from the Vaca Muerta shale formation to Europe. The initiative, witnessed by Presidents Javier Milei and Giorgia Meloni, involves an estimated investment of at least US$10 billion, focusing on…
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Dual Reality of Consumption in Argentina: A Tale of Two Economies
Key Takeaways: Argentina’s economy is experiencing a dual reality, with some sectors growing strongly, such as real estate, automotive, and electronics, while others, like mass consumption and retail, struggle to recover. The country’s consumption patterns are increasingly fragmented, with a 30% of the population, mainly from the private sector and self-employed, driving growth, while the…