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LatinNews Daily - 24 April 2017
In brief: Argentina
Argentina: A new report by the Sociedad Rural Argentina (SRA)’s international economic and business institute (Ieeyni) has found that the level of tax revenue resulting from the lowering of export duties and the increase of income taxes on agricultural producers, implemented by the government since 2015, has been negligible. According to the report, tax revenues raised in the 2016-2017 harvest cycle reached US$7.09bn compared to US$7.27bn in tax revenues raised in the 2014-2015 harvest cycle, before the changes were introduced by the new government led by President Mauricio Macri.
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