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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 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.

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So the tax in more than the income .. ie you earn net negative for working?

That'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.

Yes, it's as stupid as it sounds. Ours is a clown country. Don't take it seriously.

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