Argentina loses US$3B in taxes to smuggling, up 24% YoY

Argentina's tax revenue loss from smuggling rose 24% year-on-year to US$3 billion despite falling consumption, indicating a structural shift toward illicit trade. The state also forgoes 11,300 formal jobs, and Argentina ranks 120th of 158 in an illicit-trade index. The trend signals worsening fiscal strain and informal-economy expansion, though the source is a single media report.

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