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MercoPress, en Español

Montevideo, November 22nd 2024 - 03:05 UTC

Tag: Argentina’s tax revenue

  • Tuesday, January 21st 2014 - 14:55 UTC

    Argentina and Brazil with the largest and fastest growing fiscal pressure in Latam

    Most of the region has strong general consumption taxes, which are considered regressive by many experts

    Argentina’s tax revenue was at last count the largest and fastest growing in the region, the UN Economic Commission for Latin America and the Caribbean (ECLAC) revealed on Monday. At 37.3%, the latest tax revenue-to-GDP data put Argentina ahead of Brazil, with tax revenue worth 36.3% of its GDP in 2012 — and a few percentage points above the average for OECD countries at 34.6%.