MNI BRIEF: Fed's Goolsbee Sees Rates Down 'Fair Amount' In '25

MNI BRIEF: December Fed Cut 'Absolutely Not' Off Table - Daly

MNI China Daily Summary: Tuesday, Dec 3

MNI BRIEF: China-Based UK Firms Facing Challenges

MNI: PBOC Net Drains CNY248 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1996 Tue; -1.92% Y/Y

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI: US BLS: JOLTS OPENINGS RATE 7.744M IN OCT

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ARGENTINA: Government Reopens Tax Amnesty Programme, Tax Revenue At 6-Month High

ARGENTINA
BulletEM BulletEmerging Market News
  • The government has reopened the first stage of its tax amnesty programme, so that taxpayers who have already deposited cash can complete pending procedures. The new extension will be in force until December 6.
  • Meanwhile, data released late yesterday revealed that government tax revenue was ARS 13.026tn in November, the most for six months, up from ARS 12.78tn in October. Looking ahead, with no macro figures due today, attention turns to October industrial production and construction activity data on Friday. After that, November CPI data follow next week.
  • The CPI data will be particularly interesting, after Economy Minister Caputo reiterated yesterday that the government will slow the crawling peg on the peso if inflation continues to ease. This follows remarks from President Milei last month, who said then that the government would slow the crawling FX peg to 1%, from 2%, if monthly inflation stays constant for another two months. In October, headline consumer prices rose by 2.7% m/m, after a 3.5% gain the month before.
164 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • The government has reopened the first stage of its tax amnesty programme, so that taxpayers who have already deposited cash can complete pending procedures. The new extension will be in force until December 6.
  • Meanwhile, data released late yesterday revealed that government tax revenue was ARS 13.026tn in November, the most for six months, up from ARS 12.78tn in October. Looking ahead, with no macro figures due today, attention turns to October industrial production and construction activity data on Friday. After that, November CPI data follow next week.
  • The CPI data will be particularly interesting, after Economy Minister Caputo reiterated yesterday that the government will slow the crawling peg on the peso if inflation continues to ease. This follows remarks from President Milei last month, who said then that the government would slow the crawling FX peg to 1%, from 2%, if monthly inflation stays constant for another two months. In October, headline consumer prices rose by 2.7% m/m, after a 3.5% gain the month before.