Shantou Yitong International Forwarding Co.Ltd.

Shantou Yitong International Forwarding Co.Ltd.

Major Move! Cancel 90% of National Taxes!

2024 12/17

In his first anniversary speech, Argentine President Javier Milei announced a series of fiscal, political, and security reforms to be implemented in 2025. The plan includes cutting public spending by 90%, dismantling certain government agencies and state-owned enterprises, advancing significant tax cuts, eliminating exchange rate controls, restoring fiscal autonomy to provincial governments, and simplifying the tax system. Additionally, the government will approve billions of dollars in investments across sectors such as infrastructure, mining, steel, energy, automotive, technology, oil, and gas. In terms of national security, reforms to the federal police will be promoted, cross-border cooperation in combating drugs will be strengthened, and the age of criminal responsibility will be lowered. Furthermore, Argentina's inflation rate in November was 2.4%, with a cumulative inflation rate of 112% for the year and 166% over the past 12 months.