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Argentina's government will reverse a resolution published Tuesday which retroactively charged an income tax on foreigners that bought or sold shares of their companies in Argentina.
Finance Minister Nicol?s Dujovne confirmed this afternoon at a press conference that the General Resolution 4094, which taxes the purchase and sale of those shares, is suspended until further assessment of its impacts.
The Argentinean government applied a 13.5% tax to financial transactions involving local companies and foreign investors, or a 15% tax applied to capital gains obtained through the sale or acquisition of securities with a foreign counterpart.
