Milei's Reforms Set to Cross Finish Line in Argentina's Congress [BNN Bloomberg (Canada)]
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YPF Sociedad Anonima (YPF)
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Source: BNN Bloomberg
The so-called omnibus bill and accompanying fiscal package were approved by the Chamber of Deputies in April then narrowly passed in the Senate early this month, albeit with significant modifications. The lower house is expected to vote the bill into law on Thursday afternoon and possibly reverse the upper chamber's rejection of two tax measures. The market-friendly reforms reduce the hand of the state across Argentina and grant Milei emergency executive powers. A labor chapter makes it easier for employers to fire workers without fear of costly lawsuits and extends the trial period for employees. Another measure provides tax breaks and lays out predictable ground rules for foreign investments in key sectors like mining. The proposal also broadly deregulates the oil and gas sector, which has historically faced strict export quotas. Senators rejected chapters that reintroduce income taxes — removed in the last months of the previous government — and encourage Argentines to declare
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YPF
News
- Milei Wins Approval for Bold Economic Reforms in Argentina [Yahoo! Finance Canada]Yahoo! Finance Canada
- Milei Wins Approval for Landmark Economic Reform in Argentina [Yahoo! Finance]Yahoo! Finance
- Milei Wins Approval for Landmark Economic Reform in Argentina [BNN Bloomberg (Canada)]BNN Bloomberg
- Oil Driller Aconcagua Eyes Argentina IPO as Milei Lures Capital [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Oil Driller Aconcagua Eyes Argentina IPO as Milei Lures Capital [BNN Bloomberg (Canada)]BNN Bloomberg
YPF
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- 5/10/24 - Beat
YPF
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- 5/16/24 - Form 6-K
- 5/10/24 - Form 6-K
- 5/10/24 - Form 6-K
- YPF's page on the SEC website