Luis Caputo wants the provinces to join the tax reduction

Luis Caputothe Minister of Economy of the Nation, has generated an intense debate after his recent statements on social networks, where he promised a future tax reduction by the national government. In a challenging economic context, Caputo affirmed that lowering taxes will be possible when public accounts show a fiscal surplus.

Luis Caputo He expressed that the current government has lowered more taxes than any other previous government, highlighting the elimination of the inflation tax, which has a direct correlation with the level of poverty. According to the minister, poverty has fallen almost 20 points at the same time that inflation has been reduced abruptly.

Luis Caputo wants the provinces to join the tax reduction

Besides, Caputo he mentioned the elimination of the country tax, another tax that he considered tremendously distortive, and the reduction to zero of a significant amount of tariffs, especially on capital goods.

The minister stressed that the country’s financial situation is analyzed every day to see if it is possible to continue lowering taxes, and emphasized that the government’s objective is to reduce the tax burden without compromising macroeconomic stability.

Luis Caputo wants the provinces to join the tax reduction

In your message, Caputo He also called on provinces and municipalities to follow the example of the national government and reduce their own taxes. The minister criticized the lack of cooperation from smaller jurisdictions, pointing out that many provinces have increased Gross Revenues, a tax he described as “the worst” for any economy.

In addition, he denounced that some municipalities are defrauding their neighbors with municipal taxes that have no correlation with the benefits they provide. Caputo He urged the provinces and municipalities to join in the task of building a more fair and sustainable economic system, and highlighted the importance of reducing the level of expenses to be able to lower taxes effectively.

Luis Caputo wants the provinces to join the tax reduction

Productivity

The minister emphasized that fiscal responsibility is a task shared between the Nation, the provinces and the municipalities, and that it is fundamental for the economic development of the country. The minister also mentioned that the government has managed to avoid hyperinflation and has significantly improved the economic situation in just one year.

Luis Caputo He stressed that fiscal and monetary orthodoxy is not negotiable, and that it is the greatest reassurance for all productive sectors that Argentina will not fall again into the crises it has faced for decades.

Source link