Argentina's Tax Amnesty: A $18 Billion Windfall for the Economy
2 months, 1 week ago

Argentina's Tax Amnesty: A $18 Billion Windfall for the Economy

Live Mint  

Argentina's tax amnesty program has attracted $18 billion in bank deposits, providing much-needed dollars for the country's formal economy. The program allows Argentines to bring up to $100,000 back into the system tax-free, with amounts over that amount taxed at a 5% rate. The tax rate will increase to 10% by the end of January and then to 15% by the end of April. These deposits are seen as a sign of confidence in the leadership of President Javier Milei, who has helped bring down month-on-month inflation to single-digit figures. The program is expected to have a positive impact on the country's net reserves, which are expected to continue recovering past the initial deadline.

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Colombia expels Argentine diplomats after Milei calls Petro ‘terrorist murderer’ in CNN interview
9 months, 2 weeks ago

Colombia expels Argentine diplomats after Milei calls Petro ‘terrorist murderer’ in CNN interview

CNN  

CNN — The Colombian government has ordered the expulsion of all Argentine diplomats from the country’s embassy in Bogotá following a CNN interview in which the Argentine president called his Colombian counterpart a “terrorist murderer.” “The Argentine president’s expressions have deteriorated the trust of our nation and offended the dignity of President Petro, who was elected democratically,” the Colombian Foreign …

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