Windfall income tax is nonsense

Windfall income tax is nonsense

Speaking to the show This morningbroadcast by radio Rivadavia, the executive maintained that the field “It’s part of the solution, not the problem”and stated that “talking to people from the countryside is essential”.

In addition, he emphasized the lack of an agenda on certain essential issues for the people: “Today, the public debate focuses on unimportant things. It is necessary to do so much simultaneously that sometimes issues on the political agenda appear as trivial. That there is no talk, that there are no agreements, is not a good path.

In this sense, he expressed: “There is galloping inflation, there is a third of the population outside the registered labor market, there are so many problems that it seems that we are dancing on the Titanic”.

According to the executive, the seriousness of these problems does not have a single solution with an agreement with the International Monetary Fund (IMF).

By last, questioned Alberto Fernandez: “It does not convey an idea of ​​where we are going, if it has such an idea,” he complained.

What is the unexpected income tax?

The unexpected income tax, which seeks to raise the rate of profits for particular cases, in order to tax the effect of the war between Russia and Ukraine, was presented last Monday by Economy Minister Martín Guzmán and by the President. The project aims to tax the extraordinary income of the sectors linked to the rise in international prices. In this way, it seeks to collect an aliquot on companies that have taxable net profits greater than $1,000 million in 2022.

https://twitter.com/Economia_Ar/status/1516199984995389440

“This is only a necessary condition, not a sufficient one, because that net profit must also have increased significantly and the profit margin has to be abnormally high. Besides, A criterion will be added that if the unexpected income is channeled to productive investment, the tax rate will be reduced”Guzmán detailed in the presentation.

Source: Ambito

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