The Minister of Deregulation and Transformation of the State, Federico Sturzeneggerhas been the center of attention in recent days after clarifying President Javier Milei’s promise to eliminate 90% of taxes.
In a series of statements, Sturzenegger He explained that the reduction will not be quantitative, but will focus on the “number of tax instruments”, seeking to simplify the country’s tax structure.
During the first anniversary of his administration, President Javier Milei announced on national television an ambitious tax reform that promised to reduce taxes by 90%. However, this declaration generated confusion and expectations among citizens and economic sectors. To clarify the situation, Sturzenegger He explained that the reduction does not refer to 90% in terms of tax burden, but to the number of tax instruments that currently exist.
“The president is not talking about eliminating 90% quantitatively, but in terms of the number of instruments,” Sturzenegger pointed out in an interview with Radio Miter. “To lower the tax burden by 90% we would have to reduce spending by 90%, which is not viable. What we are doing is simplifying the tax structure, eliminating taxes that raise very little and concentrating on the most important ones.”
The proposal of Sturzenegger It focuses on administrative simplification and efficiency in collection. Argentina has a complex tax structure, with numerous taxes that generate little revenue and complicate tax compliance for both citizens and companies.
The idea is to reduce the amount of these minor taxes and focus on those that have a greater impact on revenue. “Argentina has a lot of small taxes that collect little. This aims to simplify the tax structure,” he explained. Sturzenegger. The measure seeks not only to facilitate tax compliance, but also to reduce the administrative costs associated with the management of multiple taxes.
New measures
Sturzenegger mentioned the possibility of eliminating federal tax sharing, a system that distributes tax revenue between the nation and the provinces. This measure seeks to grant greater financial autonomy to the provinces and reduce dependence on the central government.
In line with Milei’s policies, we will seek to implement a system of free currency competition, allowing citizens and companies to choose the currency in which they wish to carry out their transactions. This measure aims to stabilize the economy and reduce inflation.
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