He sSecretary of Production Coordination, Juan Pazo, announced before an auditorium full of representatives of the industrial sector that this week the Government will send to Congress the industrial investment promotion law. In this way, the official sought to bring closer positions with the industrial sector and show that the Government intends to promote its development.
“This week we will send the industrial investment promotion law to Congress,” Pazo said within the framework of the 30th Argentine Industrial Conference organized by the UIA. The announcement was very well received by industrialists, who since February of this year have been fighting for a “RIGI” for SMEs.
The bill It includes 6 chapters, the official anticipated. Regarding the tax issue, there will be accelerated depreciation of assets for Income Tax and deferral of VAT. There will also be deductions from social charges that can be offset by national taxes.
In addition, there will be a labor chapter that will include modification of working conditions, vacations at any time of the year, and salaries will be able to be paid in salary accounts on digital platforms.
The bill also tries to find a solution to the problem of labor lawsuits. Among other issues, it sets a limit of up to 25% of fees, and judicial credits will be adjusted to a rate of the CPI plus 3%.
The Secretary of Development anticipated that The provinces are going to be called upon to adhere to the national law, yesEspecially for the labor issue, because that jurisdiction belongs to the provinces and each one is governed by its own regulations.
Visit to the UIA
As it turned out, The Minister of Economy, Luis Caputo, would be going next Tuesday to the headquarters of the manufacturing plant to present the project, within the framework of the biweekly meeting of the entity’s authorities.
There the foundations would be laid for a somewhat less conflictive relationship between President Javier Milei and industrial businessmen, who complain about attacks by militants and some officials.
Pazos: “The best industrial policy is fiscal balance”
The announcement was made within the framework of a talk with the president of the UIA, Daniel Funes de Rioja, and the president of the Conference, Martin Rappallini.
When asked for more details about the economic future, the secretary insisted that “the best industrial policy is to have a balanced monetary and fiscal policy.” Meanwhile, he insisted that “that will be the framework of work with the Government.”
“I think the level of anxiety is enormous for a Government that faced an enormous disaster, I would not minimize what was received”, explained Pazos, who when defending the opening policy said that “We did not see any country that went bankrupt due to opening its economy.”
He also maintained that ““It is an essential condition of this Government to deregulate, simplify and give them tools so that they can compete.”. “There is no one to tell you how to produce,” he said.
Source: Ambito
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