Economics
Argentina Is Considering Reinstating Taxes on Crop Exports
- Country may bring back corn, wheat tax to help close deficit
- Nation also considers halting scheduled tax cuts for soy
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President Mauricio Macri is said to be considering reversing his flagship farm policy of cutting crop-export taxes as he tries to calm market fears over Argentina’s fiscal deficit.
Argentina’s government is weighing reinstating a 10 percent tax on corn and wheat exports, according to a person with direct knowledge of the matter who asked not to be named because talks are ongoing and no decision has been made. The taxes may be published Monday in the government gazette, the person said. Press offices for the agriculture and treasury ministries declined to comment.