On March 15, 2022, with a monthly rate of 4.7%, Argentina’s President Alberto Fernández declared that a “war on inflation” had begun. Twelve months on, price hikes are running above 6% every month, with an annualised rate standing at 102.5%.
As inflation batters the economy, taxation is being advertised like a miracle drug. One idea is the “billionaire tax.” Another is for the IRS to expand its auditing of individual tax returns.
The resignation of the Secretary of Internal Trade cause an uncomfortable position for Alberto Fernández, with a weak relation with Vice President Cristina Fernández, and with Kirchnerism in general
On Monday Argentine president Alberto Fernandez presented samples of the new banknotes family that will begin circulating in six months time, marking the return of great leaders, while colorful autochthonous species are returned to the central bank museum.