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Argentine Farm Tax Crisis Worsens
The following is from the article published by BBC News:
A strike by Argentine farmers over rising taxes on major export goods has entered its third week, with little sign of resolution.
Blockades by farmers have led to shortages in the shops and have also hit exports, with some companies saying they cannot fulfil [sic] their contracts.
The government says the tax increases are justified and it will use force if necessary to get food to the markets.
Rival demonstrators rallied in Buenos Aires overnight amid some scuffles.
The latest crisis was sparked by the government's decision to introduce a new sliding scale of export taxes, raising levies in some cases up to 45%.
President Cristina Fernandez has refused to back down, saying the taxes are a means to raise badly-needed revenue, curb inflation and guarantee domestic supplies.
Read the entire story here.
