“The income tax, which is high compared to that applied in the international arena, taxes on all types of earnings. I mean, it already exists.” he explained. He then questioned the way the initiative was defined. “When I read the project, I realized that they want to tax on normal returns”denounced.
“They are going to end up including a lot of companies within the group that is reached by the tribute”I consider.
“The definition of the law itself is wrong. It must be taken into account that they define as a base what happened the previous year. Then, If a company had a low profit in 2021 because it was lagging behind due to the pandemic and is now back to normal levels, it may fall into the windfall“, accurate.
And he added, ironically: “As if that were not enough, you have the withholdings, which affect items such as the field. So, you have the Government that charges you profits if you had profits and also takes money from you by applying withholdings to any product you want to export.”.
“The only thing behind this is story”said the economist.
Source: Ambito
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