Steam is a good example and up until the change of government last year, the company was accepting every local Argentine form of payment in pesos, so no currency control taxes were applied. But to put this in perspective, even when we are initially paying in local currency (pesos), the credit card company pays the supplier in US dollars, where the transaction is subject to three swingeing taxes, practically making the purchase untenable.Ĭlearly, these taxes don’t apply to cards or other forms of payment issued outside Argentina, but many digital platforms have moved over to local currency payments. If an offer appears too good to be true, it probably is, and this proved to be the case with Xbox Game Pass, as can be seen by the above image. By November I was paying Microsoft 20 times more than in August, so with a combination of Microsoft more than doubling the fee and the Argentine government gouging its citizens, I cancelled the membership. When Microsoft Flight Simulator (MSFS 2020) was launched back in August, I snapped up the GamePass offer of $1 for the first three months, but gradually the monthly subscription crept up leaving me with the impression that the offer was more of a honey trap. I Ditched Xbox GamePass Due To Currency Controls Many have turned to the black market for acquiring hard cash, but the alternatives for digital purchases are far and few between. The Argentine economy continues to lurch from one crisis to another and several months ago draconian currency controls were introduced in order to discourage people from either acquiring greenbacks or indeed making digital purchases from companies outside the country.
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