Kirchner Targets Foreign Funds

Kirchner Targets Foreign Funds


Argentina president Cristina Kirchner has announced a number of measures she hopes will improve the country’s ailing economy. Among ideas being included in a bill to be sent to congress today is the repatriation of funds held abroad, which an Argentine economist – who asked not to be identified – says amount to around $150bn. Kirchner has said that funds declared but not brought back to Argentina will pay an 8% tax. Funds that are declared and brought back will pay a 6% tax and funds that are br

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