The president of Argentina, Javier Milei, announced that in 2025 he will lower taxes by 90% and that he will return fiscal autonomy to the provinces to make them more competitive.
“My team is currently finishing a structural tax reform that will reduce the amount of national taxes by 90% and will return to the provinces the tax autonomy that they should never have lost,” he indicated in a 45-minute speech to the nation. on the occasion of the first anniversary of his arrival to the Government.
He added that “next year we will see a real tax competition between the Argentine provinces to see who attracts the most investments.”
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“Deep chainsaw” in 2025
Milei announced that his second year in the Casa Rosada will be marked by a “deep chainsaw” and by the continuation of the shrinking of the State promoted by his Executive.
“This year they already knew the chainsaw, but it consisted mainly of reversing the excesses of the last Kirchnerist years. Now the deep chainsaw is coming, because what we have to retrace are geological layers of unjustified state agencies and functions,” said the president.
Milei anticipated the elimination of more public organizations and advocated for a “smaller, more effective and cheaper State.”
With information from EFE
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