kcg 12c and climbing......., page-23

re: kcg - gold and silver :-) In the last 2 or 3 years the Argentine economy has suffered economic stagnation and recession which has particularly encouraged the Government to pursue vigorously the completion of economic reforms commenced over a decade ago and, improve competitiveness. More recently, Argentina has experienced serious political, economic and social difficulties.

Nevertheless, in 1993, far-reaching measures to Argentina’s foreign investment laws were enacted, the effect of which was to remove all restraints on foreign investment, to ensure a freely convertible currency and permit the repatriation of capital and remit profits without restriction. There are no taxes on equity transactions, and a 30% flat tax applies to the taxable income of Argentine and foreign corporations. Further, amortisation on major equipment, civil works, infrastructure, and so on for mining projects is permitted to 60% in the first year and 20% each in the subsequent two years. Vehicles and other equipment not covered above may be amortised equally over three years. Imports are duty free provided they are retained within the minerals industry.