Luis Caputo confirmed that the government analyzes a VAT reform to press the provinces to which taxes lower

The Minister of Economy, Luis Caputo, confirmed that his portfolio has under study a tax reform that includes “Divide the VAT”measure with which the nation would charge a part of the tax – between 9 and 10% – and the rest would remain in the hands of what each province defines, thus generating a “fiscal competence”, which will also include what happens with gross income.

“In terms of VAT, the idea is to generate tax competence between provinces particularly,” he explained in an interview with a streaming channel. And detailed: “We will charge what corresponds to Nation about 21% and the provinces will put their own VAT.”

On the other hand, Caputo ratified the plan to promote the use of dollars in the daily economy, to acquire products with the funds that Argentines keep stored, have or not passed through the money laundering.

The Minister of Economy accelerates the implementation of a deregulation for the use of dollars to buy appliances, cars, and houses That will be ready in the coming weeks. “The idea is to buy what you want and nobody asks for explanations,” confirmed the head of the Treasury.

In this way, as advanced Scope, The Government would announce measures to promote the use of – according to an official estimate – U $ 200,000 million stored.

“Controversial will always generate because on the other side you have people who want the country to go wrong,” said Caputo, but said that “The idea is to buy what you want and nobody asks for explanations.”

Use dollars without justifying the origin of the funds

The intention of the Treasury Palace is that part of these funds They can be used to buy durable goods, such as appliances or cars, real estate and, in general, all types of goods or assets without restrictions. This is, without having to justify the origin of the funds before Ark.

In economic conduction media it is evaluated that the entrance to the real circuit of the dollars that Argentines have treasured would give an additional impulse to the economy (which is already growing at an annual rate, according to the calculations of the Ministry of Economy).

In the media of the Casa Rosada it is also pointed out that initiatives such as those under study are in line with what the president has been holding, in the sense of “Loss that Argentines use their money again.”

Inflation and dollar

He also reiterated that inflation “It will collapse” and said that the April index will be less than March, probably about 3%.

On the value of exchange ratedefended the new flotation scheme, said that Argentina “is not expensive in dollars” and said that “a cheap country in dollars is a country that is doing very badly.”