“It will essentially be for everyone, but mainly it will favor those who enter your dollars to the Argentine banking system. “Whoever enters his dollars into the Argentine banking system is not going to pay anything,” he stated in dialogue with a news channel.
In relation to this measure, Caputo He added that “if you take it out of the banking system will pay 5%. If you take it out of the mattress or bring it in from outside you are not going to pay anything“, he contrasted, to encourage money laundering.
In that sense, he acknowledged: “What What we want is for the capital to return because it is very costly to continue fleeing.. There is a GDP outside. If that money were there, would make the fiscal accounts in order. “We are trying to generate the conditions,” she said.
Finally, he pointed out against the outgoing administration and emphasized: ““We want to do the opposite of what has been done until now.”
Money laundering: how much do you expect to collect
To close the fiscal imbalance, measures are also planned increase in income. Withholdings on soybeans are maintained at 30% and 15% is applied to the rest. Likewise, the PAIS tax is raised to 17.5%, with a contribution of 0.8% of GDP. The increases in withholdings will mean half a point, while income is expected from the review of the Earnings and Personal Assets reform, moratorium and money laundering that imply an income of 0.5% of GDP.
Income Tax
The minister of Economy indicated that the reestablishment of the income tax to the fourth category must go through the National Congress and that is a request from the governors.
In that sense, he pointed out that “the political reality is that “The provinces are the most interested in seeing this return.” and criticized that “the ‘small money plan’ cost 1.1% to the Provinces and 0.8% to the Nation. The governors want, as always happens“.
In any case, he acknowledged that the decision to return to income tax It is a legislative decision and he noted: “We will have to see if it is restored. It is being negotiated. That has to go to Parliament. The expectation they have many provinces is that that is back“, he said in relation to the project presented by the former head of the Treasury, Sergio Massa, which was approved before the general elections, with the positive vote of the then deputy, Javier Milei.
Source: Ambito
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