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I would never invest in the environment like this, sounds terrible.
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As @drlh correctly pointed out, it's the reason we are so broke. Yet the problem is not taxes at the moment of investing, it's the least of your worries. Prior to Milei, capitalism was systematically criminalized. If you dared to invest and create jobs, better god had mercy of your soul.
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Some Atlas Shrugged vibes tbh. Too bad the only Galt's gulch is the bitcoin space...
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We came dangerously close to become distopia. With Milei, winds radically changed. Our teenagers saved us.
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Makes sense why Argentina is so broken. And I'm sure there's more absurd taxes.
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You don't want to know. I mean, really, it's no exaggeration, it defies imagination.
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In Argentina we still have "potential gains tax", a tax to the gains the govt assumes, at his discretion, you will make the next year. It's dutifully charged the year prior, and that's it, no refund if you don't make it, go broke, or whatever.