RIO DE JANEIRO, BRAZIL - The government of Alberto Fernandez presented a project that seeks to raise income tax bracket rates for large companies to compensate for the shortfalls that result from the exemption of salaries of up to AR$150,000 (US$1,643).
The initiative proposes a 25% tax rate on all profits for companies with annual net income of less than 1.3 million Argentine pesos (US$ 14,247), thus maintaining the rate that was applicable this year according to the tax reform of the Macrismo government.
But for companies with higher profits there is a scheme of . . .
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