Argentina Raid, Swaps Rule, Sokol Analysis: Compliance
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Argentina’s tax agency sent 1,200 inspectors to raid the offices of cereals producers and exporters including Cargill Inc. and Noble Group Ltd. as part of a tax-evasion investigation.
The companies, which export products such as soybeans and corn, owe 310 million pesos ($73 million) in unpaid taxes, the tax agency, known as AFIP, said yesterday in an e-mailed statement.