President Javier Milei referred to the rise in blue dollar at $1,180 after the rate reduction ordered by the Central Bank. In an interview he not only gave indications of what the dollar of balance for the Government but also to COUNTRY tax, one of the taxes that generated the greatest revenue for the Government in the first months of the year, key to the exit of the exchange rate.
The President stated that the increase in Dolar blue It does not worry the Government and explained why: “The BCRA publishes a tweet every day where the purchase of reserves is, the interest rate, and the exchange rate, which is $930. I have 17.5% COUNTRY tax. That gives you an exchange rate of $1,090. That is what the official TC is for us.”
“The blue is $1,180, divided it gives you $1,090, it gives you a gap of 8%. For us the exchange rate is the official +17.5%,” he said in statements to LN+.
It is worth remembering that the informal dollar jumped on Monday $60 on day, its biggest daily rise since January 9. He reached the $1,180, maximum in three and a half months. In this way, the gap with the official increased to 32.7%.
Dollar: what will happen to the PAIS tax
For the president, the PAIS tax is the first to be eliminated. “When the economy begins to rebound, and we already have sectors that show signs of improvement (…) there will be demand that will be pushing and when we open the stocks that will happen much more. That rebound will generate a lot tax collection,” he said.
“We had four consecutive months of financial surplus and May is also going to be a surplus and will compensate for the negative number for June. In this context of falling GDP, Imagine when you recover. When it recovers, I have two options: increase public spending or lower taxes. “I’m going to lower taxes,” he concluded.
According to the latest collection report, the only three taxes that increased in April in real terms they would be imposed COUNTRY with 209.9%, export duties with 61.8% and fuels with 2.6%. The collection that would have fallen the most would be that of the Personal Assets tax, which would have fallen by 65.7% in real terms year-on-year, followed by Profits with 35.8% and internal co-participation with 19.5%.
Javier Milei: what taxes will he eliminate
Milei then communicated what the roadmap will be: “The first tax we have in mind is the PAIS Tax, then the withholdings and then the bank debits and credits. I have repeatedly refused to share those taxes, because if we share them I can’t get them anymore,” he concluded.
Source: Ambito
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