Argentina ends income tax, offers relief before presidential elections

[MilHojas]

Argentina ends income tax, offers relief worth $5.7 billion before presidential elections

Argentina is eliminating income tax for most of its formal workers ahead of the election season. The move has been taken to offer relief to people hit by rising inflation; however, experts fear it will end up further ballooning the fiscal deficit. The Latin American country is reeling under a...

www.wionews.com

 

[Agribotics]

That’s genius. Bribing voters with their own money.

 

[Redpossum]

What is the IMF going to say about this?

 

[jlynch]

What is the IMF going to say about this?

what does anyone who has finished primaria say to it
unfunded tax cuts...give with one hand and take with the other through extra inflation

 

[FrankPintor]

What is the IMF going to say about this?

The IMF let Macri break all its rules for the $40 billion loan. What are they going to say now (and actually, Massa's transgressions are pretty minor in comparison) ?

 

[sts7049]

What is the IMF going to say about this?

probably the same thing they say when the government continues failing on its objectives, creating additional exchange rates, etc

 

[Redpossum]

The IMF let Macri break all its rules for the $40 billion loan. What are they going to say now (and actually, Massa's transgressions are pretty minor in comparison) ?

Oh, the IMF did more than allow Macri to break its rules; the IMF broke its own rules. Argentina was allowed a greater percentage of the total outstanding IMF loans than IMF rules allowed. But they did it anyhow, because the Trump administration was twisting their arm.

However, the post above assumes that what's gravy for the goose is gravy for the gander, and that's not how it works. It is entirely possible that Massa would be held to the letter of the law, even though Macri was allowed to get away with murder. Consistency is not to be assumed.

We live in an age of the world in which all the major international organizations have been corrupted, and no longer even try that hard to conceal their corruption. The IAEA, OPCW, and ICC are the most recent and blatant examples, but the corruption is universal.