Pipeline infrastructure in Argentina. (TGN)
Argentina’s plan to introduce emergency taxes on exports could make the country’s gas exports to Chile less competitive because it will saddle producers with extra costs that may cause them to increase their prices.
Argentina’s government announced the new fiscal plans on Monday. The country is seeking to balance its budget before it receives $50 billion in loans from the International Monetary Fund (IMF).
The taxes are aimed mainly at squeezing extra revenue from Argentina’s soy exports, but they could also apply to gas.
Finance Minister Nicolás Dujovne...
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