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Caribbean-Latin America
Argentine workers strike over taxes; transport paralysed
2015-03-31

Argentina's public transport networks ground to a halt on Tuesday, while port workers at the grains export hub of Rosario downed tools and banks shut their doors as a one-day strike to back demands for changes to income-tax rates gripped the country.
Evita's leaving the place in a shambles
The strike caused major disruptions to domestic air travel, while garbage was left piling up on sidewalks and many businesses stayed closed as employees struggled to reach work, frustrating owners already grappling with a weak economy.
broke, so you go on strike? Genius
In the face of high inflation, the transport unions spearheading the strike are demanding Argentina's leftist government raise the minimum threshold on paying income tax.

The unions complain that more workers will have to pay tax if double-digit salary hikes designed to keep pace with inflation are awarded without lifting the threshold for the lowest tax bracket.
you don't get that inflation thing, do you? Friend of Paul Krugman, by any chance?
The government said inflation was 24 percent in 2014, but private economists estimate it was about 35 percent.
Posted by:Frank G

#3  as a followup (HT to Faustablog)
Máximo Kirchner held bank accounts abroad with Nilda Garré, says financial sector investigator
The son of Argentina´s president, Cristina Kirchner, is said to have been a joint accountholder in million-dollar bank accounts in the United States and Cayman islands with Argentina´s former ambassador to Venezuela

On Sunday, March 29, the Argentinean newspaper Clarín published an article in which it claimed that Nilda Garré had held bank accounts in the United States and Iran. One of the accounts mentioned by the newspaper was with Felton Bank, headquartered in the American state of Delaware, and amounted to US$ 61.5 million between 2005 and 2010.

The Iranian bank account was said to have been opened on April 28, 2011. This occurred only three months after a secret meeting held in the Syrian city of Aleppo in which the foreign ministers of Iran and Argentina negotiated the creation of a truth commission that would serve to cover up Iranian participation in the 1994 attacks against the Jewish association Amia in Buenos Aires, according to the Argentinean prosecutor Alberto Nisman who was murdered in January of this year.

read the rest at Faustablog, an excellent Latin American news resource
Posted by: Frank G   2015-03-31 16:46  

#2  It does matter the age or nationality, there will always be people who believe there's a magic money tree(tm) and politicians who promise it to them.
Posted by: Procopius2k   2015-03-31 16:30  

#1  The government said inflation was 24 percent in 2014, but private economists estimate it was about 35 percent.

I guess a new Falkland war is inevitable.
Posted by: g(r)omgoru   2015-03-31 16:23  

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