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Argentinian Strikes Planned For Income Tax Relief

by Mike Godfrey, Tax-News.com, Washington

19 May 2015


Workers in Argentina are planning to strike next month to place further pressure on the Government to raise the personal income tax-exempt threshold.

The Argentine Confederation of Transport Workers has announced plans for a 24-hour strike on May 12, 2015.

This will be the second time this year that labor unions have sought movement from the Government on the income tax-exempt threshold, following a strike at the end of March. The strikes have been prompted by concerns that more workers will become subject to income tax, as salaries are increasingly rapidly alongside very high inflation rates.

The minimum threshold is currently ARS15,000 (USD1,675) per month, and Argentina levies income tax rates of between 9 and 35 percent.

The Government failed to placate workers with the announcement, on May 4, 2015, of a progressive reduction in income tax for workers earning between ARS15,000 and ARS25,000.

TAGS: tax | economics | fiscal policy | tax rates | tax reform | inflation | individual income tax | Argentina | Work

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