The session will have a special framework because the discussion will take place after the resignation of the Minister of Economy, Martín Guzmán, whose economic team defended this proposal last week in the plenary session of the Industry and Budget and Treasury commissions.
The ruling party decided last Friday to promote a session for today at 1 pm that includes issues agreed between the FdT, JxC, the Federal interblocs and the United Provinces, which guarantees its sanction due to the extreme parity that exists in this legislative body.
In this way, the Frente de Todos -led by Germán Martínez from Santa Fe- decided to postpone the debate on other initiatives such as the creation of a National Fund for the Cancellation of the Debt with the IMF with money that escaped abroad, and the reform of the Rental Law, which divides the waters between the ruling party and the opposition.
The session, scheduled for 1:00 p.m., will first discuss -after the tributes and questions of privilege- the promotion of investments in the automotive industry, which offers tax benefits to all links in the production chain for new investments that generate increased performance, exports and integration of local components
The incentive measures are aimed at new investment projects that ensure greater production, exports and employment in terminals and auto parts companies, in order to add value from industrial processes.
The project contemplates benefits for automotive investments, such as the early return of the Value Added Tax (VAT), since it establishes that the return period will be reduced from six to three years and in the case of the amortization of capital goods reduced from five to three years.
The president of the Industry commission, Marcelo Casaretto, pointed out that Tuesday’s session “is going to be very important because there is an initiative of special interest that is the investments in the automotive sector that we have been working on for several months and finally we got the unanimous opinion with some partial dissidences”
“Basically, it seeks to provide incentives and the thirteen automotive terminals have investment projects, so there are three incentives: accelerated amortization in Profits, the return of technical VAT, and a zero tariff on the right to export that will benefit not only the automotive companies but also the 600 thousand autoparts”, he added.
He added that “it is an excellent initiative to generate investments, jobs and exports.”
Source: Ambito
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