Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...
What steps have been taken to make small and medium-sized enterprises (SMEs) competitive?
Since taking office in December 2015 President Mauricio Macri has implemented sweeping reforms to improve the Argentine economy, incentivise private sector development and increase investor confidence. However, after 15 years of interventionist policies some lawmakers and segments of the population have protested these efforts. The landmark win of President Macri’s Cambiemos...
According to the Ministry of Production, 99.8% of Argentina’s companies are micro-, small and medium-sized enterprises (MSMEs) – those with fewer than 200 employees – in 2017. With a 4.1m-strong workforce, they also provided the majority of jobs. A skilled local labour force and pervasive entrepreneurial spirit have also fostered a dense and diverse MSME ecosystem, covering...
Following the inauguration of President Mauricio Macri’s centre-right government in December 2015, the Argentine economy has embarked on a period of structural change propelled by increasingly liberalised policies. Under this leadership, the authorities have been rolling out various reforms to bring the country back onto the global stage, step...
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 centre both regionally and internationally, became the administrative centre of the...
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