Worth noting that Argentina is reducing corporate tax from 35% down to 25% by 2020/2021 (perfect timing for GXY). So in the end, this export tax should be offset by those savings.
Mind you it is also still too early to tell if the export tax will go ahead and how we would be affected in 2020 when we look to start production.
Lastly the article also rightly states "and taxing exporters, who get paid in dollars and have benefited from the peso's decline"
We will be paid in USD, but will pay tax in Argentina in Peso. So due to the inflation they are experiencing and the Peso dropping as it has, this tax wont come close to covering the benefits GXY will see from the declining Peso (down 50% to USD), should this issue not be resolved by 2020...
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Worth noting that Argentina is reducing corporate tax from 35%...
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