News of gig economy

Carlos Tevez seeks to avoid paying Argentina's new wealth tax

17-04-2021 09:54 Boca Juniors striker files court injunction to avoid paying the country's new wealth tax, the latest example of the difficulty in making millionaires comply with the levy.

IMF official says timing of new debt deal depends on Argentina

17-04-2021 09:11 IMF Western Hemisphere Director Alejandro Werner says a lot of “advanced work” on a new financing programme for Argentina has been completed. But the timing of a new deal depends on the Alberto Fernández administration, he adds.

Congress approves ‘ganancias’ reform, raising income tax floor

10-04-2021 09:06 Income tax bill exempts almost 1.3 million taxpayers from qualification; Companies also set to benefit from similar reform.

Government mulling oil price controls to tap Vaca Muerta, says Kulfas

10-04-2021 08:57 Argentina’s government is pushing for long-term oil price controls to boost Vaca Muerta production.

‘Imbeciles,’ restrictions and elections

10-04-2021 08:06 It is common to hear people in Argentina complaining that issues have become politicised, meaning that powerful people representing conflicting interests have gridlocked an issue.

by Agustino Fontevecchia

Covid-19 second wave arrives with exhausted economy, citizenry

10-04-2021 07:26 Government introduces new restrictions after surge in infections, hoping to tread thin line between economic pain and healthcare gain.

Argentina's wealth tax has collected just 2% of target to date

06-04-2021 16:47 Argentina’s new wealth tax has netted just two percent of its target figure ahead of its original deadline, with the nation’s richest citizens evidently in no hurry to pay up.

IMF projects stronger 2021 growth amid pandemic rebound

06-04-2021 11:01 IMF forecasts that recession-hit Argentina's economy will grow by 5.8% this year, with global GDP expected to rebound 6% overall.

On ‘the fear’ and philosopher kings

03-04-2021 08:17 When polarisation and emotional entrenchment reaches the level of a football rivalry, the democratic system begins to fail.

by Agustino Fontevecchia

Pandemic and economic crisis pushes poverty rate up to 42%

31-03-2021 19:50 More than four in 10 Argentines were living in poverty in the second half of 2020, INDEC national statistics bureau reveals – the highest level since 2004.

Mauricio and Cristina take centre-stage

27-03-2021 07:38 Both former presidents are both playing their games and talking to their people. The problem is we’re stuck in the middle.

by Agustino Fontevecchia

'We can't pay' – CFK puts US$45-billion IMF debt talks into doubt

27-03-2021 07:21 With Economy Minister Martín Guzmán in Washington for meetings with IMF staff members, Vice-President Cristina Fernández de Kirchner makes explosive intervention into restructuring talks.

Official: Argentina's economy shrank 9.9% in 2020, confirms INDEC

23-03-2021 21:26 Economy shrank by 9.9% in 2020 year-on-year due to the coronavirus pandemic – its worst fall in almost 20 years.

Debt restructuring talks for Buenos Aires Province stall

22-03-2021 16:23 After nearly a year of extending the deadline of its debt restructuring proposal, fresh documents published by Argentina’s largest province show talks remain stuck.

Mexico prepares for legal marijuana gold rush

18-03-2021 11:52 Mexican lawmakers are close to approving legalisation that is expected to catapult the country's regulated cannabis trade into a billion-dollar legal marijuana market.

Brazil hikes interest rate, eyeing inflation

18-03-2021 11:39 First rate hike in six years for Latin America's biggest economy. Central Bank indicates another hike of the same magnitude could be coming in May.

More of the same?

13-03-2021 05:48 The kick-off of the October electoral campaign promises to be brutal for future expectations. Government and opposition will duke it out once again, using all of the usual dirty tricks.

by Agustino Fontevecchia

It’s still ‘America first’ on vaccines as Russia, China fill gap

12-03-2021 12:57 Throughout the developing world, countries like Argentina have been squeezed out by richer nations in the race to secure vaccines produced by Western companies such as Pfizer and Moderna. Across most of Africa and large swathes of Latin America, south Asia and southeast Asia, little or no vaccine has been distributed.

Two can also be a crowd

06-03-2021 09:46 The convergence between president and vice-president, consolidated this week in favour of the latter’s line, carries the price of those who have always written off Alberto Fernández as a puppet standing vindicated.

Radicalised

06-03-2021 08:11 It is troubling to see how both President Alberto Fernández and certain leaders in the opposition have given up their “post-grieta” posture all too quickly, proving their political and ideological fragility.

by Agustino Fontevecchia