Home Business Despite field protests, the Government is moving forward with the unexpected revenue project

Despite field protests, the Government is moving forward with the unexpected revenue project

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Despite field protests, the Government is moving forward with the unexpected revenue project

Despite field protests, the Government is moving forward with the unexpected revenue project

The Minister of Economy, Martín Guzmán and the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva in Washington.

After the tractor attack on Plaza de Mayo in defiance of greater tax pressure, The Government will move forward in the coming weeks with the project to tax the unexpected incomethe initiative promoted by Martín Guzmán to finance the new IFE of up to $ 18,000 by extracting the extraordinary profits of companies that benefited from the war in Ukraine with results of more than $ 1,000 million annually.

Returning from Washington, where he held meetings with IMF authorities and other multilateral organizations until Saturday, the Economy Minister will continue working on the details of his proposal and starting this week the survey will begin. between the business, social and political sectors, before being sent to Congress. “Of course you are working on the project“, they confirm from those around them.

The idea is that it is a one -time contribution, as happened with the “unity and extraordinary contribution” in December 2020. In turn, real taxable net income should increase significantly in 2022 and the contribution will be lower if income is taken into productive investment. The minister said over the weekend that only 1% of companies would fall within the universe provided for the new proposal.

Despite its limited scope, the project provoked a decline in some sectors of the business community. Aside from showing rural producers, who were described in the Economy as “supported” for the support they received from Together for Change, the UIA leadership also opposed increasing financial pressure and taxes “attempting” against investment. . Specified by the entity waiting to know more details before making a statement on the proposal.

Guzmán will also need to overcome cross pressures in Frente de Todos, where rejections and requests for greater accuracy coexist. A few hours before the tractor hit, the Minister of Agriculture, Julián Domínguez, confirmed that the producer in the countryside “missed the windfall”while Kirchnerism is quietly waiting to find out the proposal and claimed by the arch official to speed up the trend in the economic group.

The movements will raise it next Sunday, May 1 at the event to celebrate Labor Day, where they will also ask for credits and sanctions of the productive monotax law. “The Ministry of Economy needs to work: if they don’t push, we will push it to our legislators“, they pointed out from one of the organizations with officials in the Ministry of Social Development.

The mechanism announced by the head of the Palacio de Hacienda could allow for the unexpected integration of the poorest sectors of the ruling party into the IMF bureaucracy. Guzmán spoke about the initiative in Washingtonwhere on Friday he met with the head of the agency, Kristalina Georgieva, to advance the review of the program due to the impact of the war on inflation and energy subsidies.

Although the Fund did not disclose its position on “unexpected earnings”, the Economics team released a chapter of the World Economic Outlook report published by the organization over the weekend, in which it recommended that countries with limited financial space measures such as “temporary increase in corporate income tax designed to capture pandemic -related excess revenue. “

The proposal is key to closing IMF accounts. With a limited margin to adjust spending, Economists estimate that this year will need to increase the collection. The economy expanded earnings in March by taking into account interest derived from the assessment of bonds, despite the fact that the memorandum did not include gains from financial assets. Guzmán’s bet is that the Fund endorses that calculation.

Source: Clarin

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