Banco Galicia Faces Class Action Over Tax Withholdings
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Grupo Financiero Galicia SA's subsidiary, Banco de Galicia y Buenos Aires, is facing a class action lawsuit over its application of the Tax for an Inclusive and Supportive Argentina and related tax withholdings. The lawsuit, filed in the National Court of First Instance in Commercial Matters No. 7, is not expected to significantly impact the bank's shareholders' equity, even if the outcome is unfavorable.
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