Examples of Argentine Government in a sentence
The Company manages its capital structure and makes adjustments based on changes to its economic environment and the risk characteristics of the Company’s assets.Effective December 23, 2019, changes to Argentina’s tax laws proposed by the new Argentine Government were implemented.
During the last few years, the Argentine Government has created different programs seeking to encourage and increase gas injection into the domestic market.
During 2017, the Argentine Government introduced changes in the income tax law.
This pledge was released on April 27, 2007 upon full payment to the Argentine Government of the deferred purchase price of all Class C shares.
Additionally, in accordance with the terms of the original trust agreement, the Class C shares were held in trust by Banco de la Nación Argentina, acting as trustee, for the benefit of the ESOP participating employees and the Argentine Government.
This situation worsened in 2020 due to the negative consequences of the COVID pandemic on the Argentine economic situation, which forced the Argentine Government to take a series of measures, even affecting the regulatory framework of the natural gas transportation segment.
On April 27, 2007, ESOP participating employees fully paid the deferred purchase price to the Argentine Government, accordingly, the pledge was released and the voting trust agreement was terminated.
During 2017, the Argentine Government introduced changes in the income tax.
In June, 2021, the Argentine Government introduced new changes in the income tax, establishing increasing rates, which starts in 25% and reach 35% for income tax gains over Pesos 50 million (0.5 million USD).
In January 2002, the Argentine Government devalued the Argentine peso and currently the peso/U.S. dollar exchange rate is determined by a free market with certain controls.