Testosterone Pit - Home - What the Hell Just Happened in Córdoba?
Basically police went on strike. The population at large decided to go on a looting spree. Its' sort of interesting really. By morning people went on roofs to defend themselves with guns almost like the zombie apocalypse.
Videos on that thread which is neat.
Argentina Raises Tax on Foreign Credit Card Purchases to 35 Percent
Basically police went on strike. The population at large decided to go on a looting spree. Its' sort of interesting really. By morning people went on roofs to defend themselves with guns almost like the zombie apocalypse.
Videos on that thread which is neat.
Argentina Raises Tax on Foreign Credit Card Purchases to 35 Percent
The government raised the tax charged on credit card purchases in foreign currency to 35 percent from 20 percent, according to a resolution published today in the Official Gazette.
Argentina’s dollar reserves have plunged 29 percent this year to $30.9 billion as the government uses the funds to pay international debt and import energy, while Argentines take advantage of a strong official rate for the peso to spend abroad. The tax increase raises the implicit exchange rate on foreign purchases to 8.3 pesos to the dollar from 7.4. The official rate is 6.2 pesos, while the black market rate is 9.2.
Argentina’s dollar reserves have plunged 29 percent this year to $30.9 billion as the government uses the funds to pay international debt and import energy, while Argentines take advantage of a strong official rate for the peso to spend abroad. The tax increase raises the implicit exchange rate on foreign purchases to 8.3 pesos to the dollar from 7.4. The official rate is 6.2 pesos, while the black market rate is 9.2.
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