It is clear that those who manage the economy really do not know anything about the tax issue since they promised to eliminate taxes and until now the only one they canceled was the COUNTRY tax, because it expired according to its Law of origin on December 20, 2024.
As for inconsistencies, we can say that they eliminated the benefit of the 15 SMVM that the workers had to start paying Earnings in low pattern, as well as eliminated the benefit of VAT refund from December 31, 2023 when the law that makes it effective application with strong data as a norm instead of general resolutions of the former AFIP (today ARCA) when it allowed the population to receive an amount of $18,000 per month until December and $60,000 from January 2024 onwards.
As a consequence of the speech of December 12, 2023 by the Minister of Economy, Luis Caputo, public works were completely eliminated and he calls for infrastructure works (roads, water and housing) and transportation compensation throughout the country to be carried out. shared among the beneficiaries of the different works. Without understanding that 50.51% of the tax on liquid fuels and carbon dioxide that during the year 2024 collected nearly $450,000 million is destined to carry out that type of public works listed at the top of this paragraph and the 10.4% is shared with the provinces through Law 23,966 of 1991.
In other words, if we had a sensible and self-consistent government, it should have eliminated 60.70% of the tax on fuel and carbon dioxide, with the result that public works are not carried out nor were 98% of the co-shareable resources transferred to the provinces. as the government itself boasts of having done it. With this data we could have gasoline super close to $800 instead of $1,200.
We also knew the national collection for December 2024 and it gives a “real” level of 0.8% higher than the accumulated inflation of the year, although if we are objective and seriously compare the collections, the one for 2024 is -1.4% lower seasonally adjusted. than the previous year’s result that in 2023 there was no money laundering or moratorium as there was in 2024.
Therefore, we can say and establish that The Government did not emerge from the hyperrecession proposed for the reduction of inflation in 2024. Proposing to the population a useless sacrifice with no way out of this hyperrecession throughout 2025, with the only alternative to lower inflation even further being to subject the people to a greater recession, that is, a economic depression with no way out due to the accumulation of debts (public with the IMF + private and family) added to the greatest lack of savings instead of generating accumulation of reserves to get rid of paying the IMF as Nestor Kirchner did on January 4, 2006 in Argentina and Lula da Silva in Brazil in that same year.
This week we again had news of “another new” repo with local banks in US dollars for 24 months for an amount of US$ 1MM at 8.8% annual fixed rate, which provides a total payable of US$170 million of profitability in interest, and they will be guaranteed with bonds from BOPREAL importers (which the IMF expressly asked to stop issuing about 6 months ago).
All this would not happen if the repo for US$4.7 billion from the Bank of Basel had actually been given, for which they pledged the 11 tons of gold that Alberto Fernandez repurchased, and that the Federico Sturzenegger-Luis Caputo duo had lost in March 2019. ; or even the millions that the IMF will send after the spring meeting (3/20-21/2025) of the Board will arrive sooner. Since today we have negative net reserves of US$11 billion.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
