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Montevideo, November 17th 2017 - 19:39 UTC

Argentina cancels proposed tax on wine included in a fiscal reform

Saturday, November 11th 2017 - 08:46 UTC
Full article 10 comments

Argentina’s government has decided to ditch a proposed tax on wine after vineyards complained the measure would cripple the industry, the governor of the country’s top wine-making province said. Read full article

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  • Enrique Massot

    “Macri’s administration included the wine tax in a bill to overhaul the tax code in an effort to partly offset revenue expected to be lost due to a proposed corporate income tax cut.”

    This is the essence of the “Joyful Revolution.” Cut taxes to the rich and create or increase consumption taxes that hit harder on the less fortunate.

    The same direction taken when taxes on agro-exports and mining production were eliminated, increasing a fiscal deficit that has only been mitigated by heavy foreign borrowing.

    To think that CFK opponents talked about Kirchnerism as a “big party event.” What's left for Macrism then?

    Posted 5 days ago - Link - Report abuse -3
  • Don Alberto

    If idiot child Enrique had been living in Argentina, he would have known that the wine harvests in 2016 and 2017 have been disastrous because of unusually bad weather.

    Last year most growers also had to sell their grapes at below cost - talk of tax cuts to the rich.

    Only an idiot child who hasn't been living in Argentina these past 30 or 40 years can blabber such stupid nonsense.

    Posted 5 days ago - Link - Report abuse +1
  • Enrique Massot

    @ Don Alberto

    Don Alberto, who apparently believes the “idiot child” does not apply to him, had taken the time to read with some attention, he would have realized that the tax on wine was a tax on consumption and a hit on wine producers--not a tax to the rich.

    Posted 4 days ago - Link - Report abuse -1
  • Zaphod Beeblebrox

    Reekio,

    “Cut taxes to the rich and create or increase consumption taxes that hit harder on the less fortunate.”

    “...the tax on wine was a tax on consumption and a hit on wine producers--not a tax to the rich.”

    You are contradicting yourself now!

    And you wonder why people refer to you as an idiot child. :-D

    Posted 4 days ago - Link - Report abuse 0
  • DemonTree

    How is he contradicting himself? Taxes on products are a tax on consumption, in fact many countries have high taxes on alcohol specifically to discourage consumption.

    I would add though, that the high duties on certain imports like electronics that CFK created and Macri removed were also a tax on consumption, effectively using taxpayers' money to subsidise certain industries.

    Posted 3 days ago - Link - Report abuse -1
  • Enrique Massot

    I do agree on one thing Macri did and that is a tax increase on carbonated drinks to 17 per cent from 4 and 8 per cent.

    These sugary drinks provide significant profits while creating significant health problems such as obesity and diabetes.

    Coca-Cola did not take long to announce the possibility of backing off on planned investments in Argentina and reduce purchases of citric fruits and juices. Company executives met with president Macri during his recent visit to New York.

    My hope is that the tax increase is maintained even if Coca-Cola makes good on their threats.

    The public health problems originated in excessive sugar consumption, of which carbonated drinks are partially responsible, cause a drain in public resources.

    Posted 3 days ago - Link - Report abuse 0
  • Zaphod Beeblebrox

    DT,

    “How is he contradicting himself?”

    IIUC, Reekie said that cutting taxes on wine was cutting taxes to the rich. Then he said tax on wine wasn't a tax on the rich.

    Posted 2 days ago - Link - Report abuse 0
  • DemonTree

    @ZB
    I read his first post as describing Macri's policies thus: cut taxes on the rich = the proposed corporate income tax cut; create or increase consumption taxes (worse for the poor) = the proposed tax on wine.

    But I'm sure he can explain what he meant himself.

    Anyway, I agree a tax on sugary drinks seems like a good idea, though I'm not sure why wine should be different; alcohol is also bad for you.

    It does illustrate the problems with corporations being so rich and powerful, if they can blackmail governments into changing policy and ignoring their voters' wishes in the service of higher profits.

    Posted 2 days ago - Link - Report abuse 0
  • Stoker

    Shouldn't be too long now before Cristina is choosing some ornaments to brighten up her cell
    http://www.thebubble.com/boudous-alleged-frontman-alejandro-vandenbroele-reaches-plea-deal-with-federal-prosecutor/
    Tick-tock....tick-tock...tick-tock..
    ;-D

    Posted 2 days ago - Link - Report abuse +1
  • Zaphod Beeblebrox

    “But I'm sure he can explain what he meant himself.”

    Or maybe not. ;-)

    Posted 22 hours ago - Link - Report abuse +1

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