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In Argentina taxes total taxes on employee income if you pay all taxes can be above 100%. This is not hyperbole, I spoke with an accountant at a construction c
by notch656a 5y ago
In Argentina taxes total taxes on employee income if you pay all taxes can be above 100%. This is not hyperbole, I spoke with an accountant at a construction company there. They basically had to put 70% of their labor off the books.
Skirting the law is required in Argentina. I can see the appeal for Argentinians.
- hackerfromthefu 5y agoSo the tax in more than the income .. ie you earn net negative for working?
- notch656a 5y agoThat's my understanding, this is hearsay from a private corporate accountant in the construction industry. I presume the idea is a fully law abiding company would not deduct all of that but some portion would be the company responsibility so that pay is positive.
- lezojeda 5y agoYes, it's as stupid as it sounds. Ours is a clown country. Don't take it seriously.