Tax for your
Within the framework of the discussions by the joint teacher who maintains these
days lies a difficult reality for the provincial tax authorities. Without
alternatives financing that has the nation (BCRA, ANSES, etc), a good portion of
them will need to resort to the capital market to finance the fiscal red.Within
this scenario, the political context will be extremely important, given that
provinces are attached to the Federal regime of Fiscal responsibility, they need
the permission of the nation to issue debt with longer term than the fiscal
year.Obtained approval, these emissions will be interesting investment
opportunities with a floor of performance currently imposed by the oil company
with State participation, YPF.Within the range of conditions of issue, the
option most valued by investors will remain dollar-linked, (see "more on
dollar-Linked bonds",) nuanced the uncertainty that creates the possibility of a
split exchange rate.Another financing alternative that will turn the provincial
tax authorities are the letters of the short term, given that these instruments
expire within the fiscal year, do not require authorisation of the nation. An
interesting option for short term investments.When deciding on these
instruments, in the analysis of the profile of issuers, is so important the
political aspect as the economic, which continues to be an attraction for local
investors, aware of the details of domestic policy.A sample of the newborn is
the bond of the Chaco province dollar-linked (CHAQ - Chaco 2026) carrying a
yield of 104% so far in 2013.of payments.
days lies a difficult reality for the provincial tax authorities. Without
alternatives financing that has the nation (BCRA, ANSES, etc), a good portion of
them will need to resort to the capital market to finance the fiscal red.Within
this scenario, the political context will be extremely important, given that
provinces are attached to the Federal regime of Fiscal responsibility, they need
the permission of the nation to issue debt with longer term than the fiscal
year.Obtained approval, these emissions will be interesting investment
opportunities with a floor of performance currently imposed by the oil company
with State participation, YPF.Within the range of conditions of issue, the
option most valued by investors will remain dollar-linked, (see "more on
dollar-Linked bonds",) nuanced the uncertainty that creates the possibility of a
split exchange rate.Another financing alternative that will turn the provincial
tax authorities are the letters of the short term, given that these instruments
expire within the fiscal year, do not require authorisation of the nation. An
interesting option for short term investments.When deciding on these
instruments, in the analysis of the profile of issuers, is so important the
political aspect as the economic, which continues to be an attraction for local
investors, aware of the details of domestic policy.A sample of the newborn is
the bond of the Chaco province dollar-linked (CHAQ - Chaco 2026) carrying a
yield of 104% so far in 2013.of payments.