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Argentina Urged To Undertake Indirect Tax Shift

by Mike Godfrey, Tax-News.com, Washington

03 August 2017


Argentina should introduce wide-ranging tax reforms, including reducing its corporate taxes and broadening the value-added tax (VAT) base, the OECD has said.

The OECD said in a new report for the country that the tax burden has increased by over seven percent of GDP over the past decade and the country now has a relatively high corporate income tax rate. In addition, "a complex and inefficient tax system is hampering productivity, investment, and the competitiveness of firms," it said.

The OECD recommended that Argentina should shift the tax burden away from corporation tax towards indirect taxes such as VAT, and environmental and property taxes. It also recommended that Argentina broaden its base for personal income taxes, as they are paid by just 10 percent of the population.

TAGS: environment | tax | investment | property tax | Organisation for Economic Co-operation and Development (OECD) | corporation tax | tax reform | standards | Argentina

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