Argentina
Bullrich called for a broader tax cut and urged faster impact from the recovery
The senator argued that macroeconomic progress is still not being felt clearly in everyday life. She also questioned the fact that tax benefits under regimes such as the RIGI remain limited to a group of companies.
Patricia Bullrich again expressed concern about the pace of the economic recovery and called for tax cuts to reach a broader universe of companies, not just those that enter regimes such as the RIGI. The national senator and head of the ruling bloc in the upper house spoke about the issue during a presentation at the Universidad de San Andrés, according to Ámbito and iProfesional.
In that context, she said she would like the tax cut to be “for everyone” and warned that many companies, industries, businesses and technology services are currently struggling to compete because Argentina remains a country with high costs.
She also pointed to her concern about the speed at which that recovery is reaching the population. In her words, the challenge is for the effort made by Argentines to make sense and for the changes to be reflected in every family, in every SME and in everyday economic life.
The remarks came a day after Javier Milei’s presentation at the Council of the Americas, where the President defended the economic program and rejected the need to introduce changes. Bullrich, for her part, acknowledged the results on the macroeconomic front, although she stressed that those advances still need to translate more clearly into daily life.
In the same publication, Ámbito also reported that YPF is preparing two new projects to join the RIGI. If completed, the oil company would raise to u$s154,100 million the amount committed together with its partners within that scheme, according to what Horacio Marín announced at the 10th Italy-Latin America SME Forum held at Palacio Libertad.
Still according to Ámbito, Marín specified that figure includes initiatives presented by YPF, invested companies and developments in partnership with international partners. The outlet added that the 23 projects already approved under the RIGI nationwide total u$s49,766 million.
Sources
About this note. Written by El Notero with the assistance of artificial intelligence, based on what was published by the cited outlet. El Notero did not conduct its own reporting on this event.
