Effective November 1, foreign providers of online entertainment content will be subject to a three percent gross income tax (dubbed the “Netflix Tax” by the media) on their sales and rentals in Buenos Aires, Argentina. Under Resolution No. 593, issued August 27 by the Buenos Aires Governmental Administrator of Public Revenues and published in the city’s official gazette earlier this week, debit and credit card providers would be required to withhold three percent of any payments remitted to providers of streaming services.  President Cristina Fernández de Kircher of Argentina has spoken out against the tax, and others have questioned its legitimacy.