trending Market Intelligence /marketintelligence/en/news-insights/trending/imY5g6AjkV41UK39I3DFEA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Argentine government considers new tax on cash deposits

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Report: Argentine government considers new tax on cash deposits

Argentina's Finance Ministry is considering eliminating a 1.2% tax on checks and replacing it with a 2% tax on bank cash deposits, El Cronista reported, citing sources familiar with the matter.

Recently appointed Finance Minister Nicolás Dujovne reportedly asked local bank executives in 2016 to come up with a proposal that would reduce the tax on checks while maintaining or increasing revenues for the state.

To partially compensate large depositors, such as retailers, banks have proposed that the tax on debit card purchases could be reduced to 0.5% from 1.5%.

However, the Finance Ministry is reportedly concerned that a tax on cash deposits would encourage more Argentines to avoid banks by depositing funds at institutions in the informal market, which would result in lower tax revenue for the state.

The government is thinking about launching the tax as part of a package of new measures during 2017, but it is seeking assurance from the banking sector that the measure will increase so-called bankarization and tax revenues, the report said.