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Argentina Seeks to Spur Construction Investment with Tax and Financing Benefits

RIO DE JANEIRO, BRAZIL - Argentina´s economy ministry said on Wednesday it had sent the country´s Congress a bill to spur construction activity through tax and financing incentives, an effort to create jobs and boost investment in an economy ravaged by the coronavirus pandemic.

The project exempts investments in construction from the personal property tax for two years. Instead, the bill proposes a single tax for those who declare assets in domestic or foreign currency and allocate those funds to new construction works, among other measures, the ministry said in a statement.

The proposal comes as Latin America’s . . .

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