If only Argentina had lower taxes their economic woes would be over! Argentina's economy is where it is for a number of reasons, many complex. High taxes aren't among them, regardless of any pipe dream you may subscribe to that cutting taxes is some kind of magic that can fix anything, even something you know absolutely nothing about.
%% And too much borrowing[credit] And too much tax on guns. And socialist export taxes..... on grain. Attractive woman, but now charged .....crooked/cash sacks socialist Christina F .....Sorry i dont have time to list all the taxes. I enjoyed going to Argentina+ some of thier banks/ADRs had good run on the uptrend side.
What happened to Argentina? Shit happened. Like Trump. You know, this happens from time to time over a lifetime.
If you are asking why have Argentinean currency lost almost 40% over USD, then it is due economic system which is sucked in high inflation in combination with increasing public spending.
I think that the main issue is the taxation laws. The Argentina government needs to be lenient in these laws. Argentinas are a very talented nation. The government needs to help the people especially the youth in order to find the financial and social stability.
Sure, just ignore the massive debt they've defaulted on, rampant inflation, impact of currency controls....It's all so simple, if they would only lower taxes they'd be a mecca like that other low tax country, Somalia!
Is it true that former colonies of UK are generally doing better than former colonies of Spain, Portugal, France....? Or am I bias?