The Collection Totaled $20.5 Billion in August and Grew 33.5%, but Feels the Effects of Inflation
8 Articles
8 Articles
Tax collection reached $20.51 billion in August.The raising of the Earnings floor raised revenue for that item, but VAT fell again.
Although tax collection rose 33.5 per cent nominally, in real terms it remained stagnant and accumulated a drop of 3.8 per cent in eight months. The collapse of VAT, the tax on checks and import duties exposes a disturbing shift: the tax is increasingly dependent on withholdings and adjustments, not on economic activity.
ARCA reported that tax revenues climbed 33.5% year-on-year, keeping in line with inflation.
The tax collection again showed a fall in August, after the backlash that Gains gave in July. The contraction was mild and 0.1% real annual, if you take how valid the inflation projection of 1.7% of the top 10 of the BCRA REM for the month. Gains again collaborated and also made a valuable contribution the retentions, because of the low base of comparison that had left the same month last year. The bad signal came on the side of taxes related to…
The August tax collection reached $20.5 billion, representing a real rise of 1.1% compared to the same month last year. The official bulletin shows that taxes related to consumption are still low and review the official assertions that speak of “records.” The report distributed by the...
This is the second consecutive month that did not remain on negative ground in real terms. Read more
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