Argencon Members Support Macri’s New Export Tax

Argentina’s cluster of knowledge services companies, Argencon, has formally stated that its members support President Mauricio Macri’s (pictured) emergency efforts to push the country through recent economic struggles.

Macri’s proposal is to impose new tax on exported services, which will directly impact member companies such as Accenture, Globant, Neoris, Belatrix, PwC, and IBM, among others.

“We will make this effort because we understand that it will be transitory for a certain period of time, and that we will avoid repeating past experiences,” Argencon writes on its website. “Attraction of capital, the establishment of new technology hubs, and competition in international markets require businesses conditions to be stable and predictable to allow the private sector to invest and grow.”