Now they’re talking about imposing a 20% tax on ‘tourist dollars’ including purchases from overseas companies,
The new government said it will put a 20 percent tax on international purchases, including airline tickets, hotels, and payments on platforms such as Netflix.
Plaza de Mayo in Buenos Aires
This is part of an “economic recovery package” that will somehow “reactivate the local tourism industry.” I do not think this is how it works. Some reports place the tourist dollar tax as high as 30%. International airlines have already been reducing service to Argentina. The government says they cannot repay IMF loans without economic growth that will somehow be bolstered by higher taxes and yet the IMF hasn’t ruled out playing Charlie Brown to Lucy’s football by extending additional funds as part of a $56 billion loan package.