Argentina fines YPF for un-paid tax bill further straining relation with the industry

Thursday, February 16th 2012 - 05:09 UTC

Full article 4 comments

Argentina’s largest energy company YPF, dropped the most in the Buenos Aires Stock Exchange’s leading share index on Wednesday after the federal tax agency banned it from importing and exporting because of an unpaid tax bill. Read full article

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GreekYoghurt
“Six of the producers cited unpredictable policies.” Let's just do a simple PESTEL analysis of the macroeconomic climate around oil and gas exploration in Argentina.

Political - Nationalsozialismus
Economic - Cusp of hyperinflation
Social - neo-savages
Technological - Stone age
Environmental - They don't care about the environment, unless it's being butthurt about a pulp factory.
Legal - Knock on the door in the middle of the night and you're not seen again.

I can see why those oil companies are all rushing to argentina oil prospecting then.
Feb 16th, 2012 - 10:36 am - Link - Report abuse 0
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yankeeboy
Arg is in desperate need of o/g. As I have said, why would any company want to invest if the rules/laws can/will be changed on the whim of some minister or CFK?
Why would you invest U$Millions to sell at 2/5 ($42) of the world price? Do they think it costs 2/5s of the $ to develop the field?
Let them destroy their economy, eventually there will be riots, a few people will get killed and CFK and fat maxi will be living in Miami with their stolen loot. It is just a matter of time.
Feb 16th, 2012 - 01:32 pm - Link - Report abuse 0
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British_Kirchnerist
“why would any company want to invest if the rules/laws can/will be changed”

Maybe they should get used to democracy - the people elect the government, which therefore has a right to change laws. I'm sure they'd rather there was still a junta making everything easy for them, or at least that the people had not been so smart as to elect a real fighter for their interests like Cristina, but I really won't be crying for them much...
Feb 17th, 2012 - 05:10 pm - Link - Report abuse 0
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Pirat-Hunter
This is good news, Argentina's tax laws must be inforced to show the world that theft and corruption is over in south America, I wish Argentina the best and hope the tax laws and licensing commite helps Argentine get their economy back under the control of the Argentine national bank.
Feb 20th, 2012 - 10:35 pm - Link - Report abuse 0
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