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2024-12-13 Caribbean-Latin America
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Argentina''s Javier Milei Announces 90% Tax Reduction in 2025
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[BREITBART] President of Argentina
...a country located on the other side of the Deep South. It is covered with Pampers and inhabited by Grouchos, who dance the Tangle. They used to have some islands called the Malvinas located where the Falklands are now. They're not supposed to cry for Evita...
Javier Milei announced Wednesday that his administration is preparing a structural tax reform that will eliminate 90 percent of existing taxes in 2025.
Milei announced the plan, alongside other policies he seeks to implement in his second year in office, while marking the end of his first. Among them was a plan to negotiate a trade deal with President-elect Donald Trump
 ...The cad! Twice caught beating wimmin!...
's administration once he takes office in January.
Tuesday marked one year since Milei took office on December 10, 2023, and became Argentina's first libertarian president, succeeding socialist former President Alberto Fernandez. At the time he took office, Argentina faced a severe economic crisis that dramatically worsened as a result of Fernandez's disastrous socialist policies. Milei implemented a series of drastic ''shock therapy'' measures to avert the collapse of the country's economy and avoid a hyperinflation spiral.
Milei's policies successfully reduced the inflation rate in Argentina, dropping it from 25.5 percent in December 2023 to 2.7 percent in October 2024 while also allowing the nation to experience ten months of continued trade surplus as of November.
Additionally, Milei spearheaded a dramatic overhaul of the Argentine government during his first year, reducing the number of ministries from 18 to nine on his first day and outright replacing other institutions — such as Argentina's bloated AFIP revenue service, which was dissolved and substituted with a much smaller agency in November. The Argentine president also introduced a series of sweeping reforms that Congress passed in late June.
Milei marked his first year in office by delivering a speech in the evening hours of Tuesday in the company of his ministers and members of his administration. He reviewed the results of his policies and announced a series of upcoming measures.
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Posted by Fred 2024-12-13 00:00||
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Posted by swksvolFF 2024-12-13 13:10||
2024-12-13 13:10||
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Posted by Super Hose 2024-12-13 14:56||
2024-12-13 14:56||
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