You are here

Argentina suspends capital gains tax for foreigners

Move could allow country to address the measure in broader reforms expected after legislative elections in October

Treasury Minister Nicolas Dujovne (center) told reporters on Wednesday that the measure would be suspended because it would be difficult to implement quickly.

Buenos Aires

ARGENTINA on Thursday suspended a tax on foreigners' capital gains, just two days after it had been announced, after market participants complained the surprise move was inconsistent with President Mauricio Macri's pro-market agenda.

In a notice in Argentina's official...

Market voices on: