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[QUOTE=Gandolf50;446487]LOL!! You would think with 121% tax they would encourage imports![/QUOTE]Most intelligent heads of state long ago discarded the discredited "Import Substitution", but not CFK. In fact, she increased it for the average person who pays taxes. The well connected long ago learned that a well placed bribe could avoid paying the tax.
Tres3.
So the Nazis had a coincidental fire at the Reichstag but it was for a good reason .
Blame the Red Pigs and gain support.
The new fire in The Ministry of Finance here in BA was obviously intended to cover up KFC's corruption.
[URL]http://www.zerohedge.com/news/2015-11-27/mysterious-fire-hits-argentine-ministry-finance-destroys-years-prior-regimes-files[/URL]
Unbelievable.
TL.
[QUOTE=Tres3;446479]Does the "National Sales Tax" include the VAT? If not, that tax amount must also be included in the sales price.
Tres3.[/QUOTE]The "National Sales Tax" I referred to is known by it's acronym "IVA".
It's not a Value Added Tax as it's not added on to the cost of a product at each step in the importing / manufacturing / distribution process.
The 21% IVA is added to and included in the final retail sales price, but it is not itemized on the sales receipt like sales taxes in the USA.
Nevertheless, the next time you are motivated to complain about the price of a retail product or service, first recognize that the retailer is only receiving 79% of the price you paid.
Thanks,
Jax.
I am looking at exchange rates today just out of curiosity and it seems like it is reasonable to bring and use the ATM card again. [URL]Dolarblue.net[/URL] site is down. I looked at a hotel site which I used before and they still have not converted. They are still quoting about 10 to 1. There appears to be some confusion. Look for deals now.
[QUOTE=BigBossMan;446626]I am looking at exchange rates today just out of curiosity and it seems like it is reasonable to bring and use the ATM card again. [URL]Dolarblue.net[/URL] site is down. I looked at a hotel site which I used before and they still have not converted. They are still quoting about 10 to 1. There appears to be some confusion. Look for deals now.[/QUOTE]I tried to talk somebody into making a test today for a couple hundred pesos and was unable to.
If it works, actually works, I would say probably. It remains Argentina, until somebody has proven that you're not getting raped on the backside (fees, funky exchange when clearing through the banks) I would maintain hope with healthy skepticism.
[QUOTE=DaddyRulz;446629]I tried to talk somebody into making a test today for a couple hundred pesos and was unable to.
If it works, actually works, I would say probably. It remains Argentina, until somebody has proven that you're not getting raped on the backside (fees, funky exchange when clearing through the banks) I would maintain hope with healthy skepticism.[/QUOTE]I'm on an expat FB group and a couple guys there ran a test today (small amounts) with ATM cards and got 9.5. One guy reported that his statement showed "transaction pending." I'm sure it will take a couple days to smooth out, and the residual 9.5 wasn't theft, pretty sure anyway, but lets see what happens. Though it wouldn't even be a stretch for me to see somebody report they questioned the bank about this and the bank said, "Yes, the exchange rate is indeed 14-1 except when you use your debit card to get money from a foreign bank, then it's 9.5-1."
Declarations of Peso value STILL don't mean anything unless there is a sufficient supply of dollars to feed the needs of individuals and business in Argentina. The jury is completely out on this. If there isn't enough, oh my, the blue will go to unparalleled levels. It will not take long to shake out one way or the other.
[QUOTE=Jackson;446532]
Nevertheless, the next time you are motivated to complain about the price of a retail product or service, first recognize that the retailer is only receiving 79% of the price you paid.
Thanks,
Jax.[/QUOTE]Wouldn't it be 82.6% ?
[QUOTE=Moore;446635]Wouldn't it be 82.6% ?[/QUOTE]Yes, but I didn't want to get into the entire "Margin vs Markup" discussion, thanks.
Inflation-stricken Argentina to issue higher denomination banknotes.
[URL]http://www.cnbc.com/2016/01/15/[/URL]
I knew this was coming !
Beware of fakes.
TL.
[QUOTE=TejanoLibre;446844]Inflation-stricken Argentina to issue higher denomination banknotes.
[URL]http://www.cnbc.com/2016/01/15/[/URL]
I knew this was coming !
Beware of fakes.
TL.[/QUOTE]Here is the working link:
[URL]http://www.cnbc.com/2016/01/15/reuters-america-inflation-stricken-argentina-to-issue-higher-denomination-banknotes.html[/URL]
Good News.
[URL]http://www.businessinsider.com/r-coca-cola-to-invest-1-billion-in-argentina-over-next-four-years-2016-1[/URL]
TL.
They think only governments create economic growth and jobs are blown out of Christina's a$$.
They will surely view this as Yankee Imperialism.
[URL]http://www.clarin.com/politica/Davos-Mauricio_Macri-ingles_0_1508849387.html[/URL]
Not KK, pretty sharp guy.
[QUOTE=Thomaso276;446881][URL]http://www.clarin.com/politica/Davos-Mauricio_Macri-ingles_0_1508849387.html[/URL]
Not KK, pretty sharp guy.[/QUOTE]Build on what you have, being able to feed yourself is pretty huge.