President Javier Milei made the call before beginning his speech at the graduation ceremony of the new members of the three forces.
The Minister of Economy, Luis Caputoannounced this Tuesday that the Government is working on a tax reform where there are only six national taxes. “We want to simplify,” he justified.
In his message on December 10, on his first anniversary in office, the president Javier Milei announced that in 2025 they would lower “taxes by 90%.” The Minister of Economy specified that he was referring to the amount of taxes and not the amount. That percentage would not lower the collection, but rather the total.
“Argentina has a lot of taxes. In recent decades what has been a tremendous overtaxation, which we want to simplify. We are aiming for tax reform that means there are more than six taxes at the national level,” he explained. Caputo in an interview on Radio Miter.
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He also highlighted that They lowered the two most important taxesin his opinion. The inflationary and the Country Tax, which will not be renewed next year. The latter represents 1.5 of the GDP, Caputo highlighted.
Competition between provinces
Another of the reforms that the Government is working on is competition between provinces to attract companies. The minister did not give details, but anticipated that in addition to eliminating taxes, they will seek to allow companies to choose which district to settle in according to what they are offered at the tax level.
“The idea is that there are no more than six taxes and that there are competitions between the different provinces so that an additional reduction is also generated from the competition and that each company can decide where to settle according to where it is most convenient“he explained Caputo.
The President’s announcement
During his speech for the first year of Government, Javier Milei announced that it will promote a tax reform, he end of the stocks will be a reality and that the free currency competition.
Regarding tax reform, the head of state announced that they will seek reduce the amount of national taxes by 90% and return to the provinces “the tax autonomy that they should never have lost.”
Source: Ambito
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