They may deduct
potentially up to 30 percent of their annual income against their foundation's disbursements to charities, and they are likely to benefit from what's known as a
carry -
forward into subsequent years for amounts they can't deduct in a given year, Lieberman says.
First, it's denominated in Argentinean Peso (4.2620 ARS per USD), a fairly stable... but
potentially very unstable currency, second, it wildly understates many assets which are
carried at cost, and third, it consolidates listed entities (IRSA (IRSA: AR), and also BrasilAgro (AGRO3: BZ) going
forward) in which Cresud has a controlling and / or majority stake.