On 4 November 2015, Argentina published Law No. 27199, which extends the country's financial transactions tax (bank tax) through 31 December 2017. The financial transactions tax is levied on debits and credits to current accounts at a rate of 0.6% per transaction. Of the amount levied on credits, 0.2% may be taken as an advance payment of income tax or minimum presumed income tax.

The law also…