Glencore to Goldcorp Handed Tax Relief in Macri's Argentina
- Tax cut adds to elimination of currency and capital controls
- New Argentine president seeking to lure back investors
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Argentine President Mauricio Macri is giving mining companies including Glencore Plc, Goldcorp Inc. and Barrick Gold Corp. further relief in a global commodities downturn by eliminating export taxes.
Macri, who took office in December on a platform of repealing government intervention that had choked investments, announced his mining tax cut plan in a Twitter posting Friday, confirming a report by state news agency Telam.