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Argentina puts tax increases at heart of economic recovery plan

Argentina puts tax increases at heart of economic recovery plan

December 18, 2019 | Charles Newbery
Fiscally conservative bill brings some cheer to creditors, but questions remain about the government's plans to restructure debt

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Debenture Economy & Policy Fixed Income Equity Funds M&A People Project & Infrastructure Finance Structured Finance Argentina

Argentina's Economy Minister Martín Guzmán announced a first effort on Tuesday to avert a looming debt default that includes tax increases on agricultural exports among a host of strategies that analysts said is fiscally and monetarily conservative but not enough to place bets yet on how the country will restructure its debts.  The social solidarity and productive reactivation bill, as it is called, was sent to Congress for review, with a focus on boosting tax revenue, deterring capital flight,

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