The Government admits that it is evaluating changes in the Profit project so that the Bases Law advances in the Senate

The Government admits that it is evaluating changes in the Profit project so that the Bases Law advances in the Senate

The Minister of the Interior, Guillermo Francos, assured this, although he did not specify what those points would be.

Modifications to the investment regime are also analyzed.

The Minister of the Interior, Guillermo Francos, revealed this Friday that they are evaluating reforms to the Income Tax so that the Base Law project advances in the Senate , and that modifications to the Large Investment Incentive Regime (RIGI) are also being analyzed. .

“There are some modification proposals that we are analyzing together with the senators in some aspects of the RIGI: some legislators understand one thing and we understand another , so we are analyzing how the article can be clarified,” explained the national official.

The RIGI offers a great reduction in the cost of capital for investments greater than US$200 million, tax stability with very low taxes, free access to dollars and customs preferences for imports.

Despite these ongoing negotiations with the senators, Francos showed his confidence that the project will obtain approval in the Upper House with “at least 38 votes”, which would give the Government of President Javier Milei a significant political victory.

” There is also a claim regarding Profits by the Patagonian governors and some other details. But I would not say that they are issues that are going to hinder the treatment of the law. They are talking to see if some understanding is reached,” he added. Francos in dialogue with radio Miter.

Just as it was approved in the Deputies, the fiscal package that was discussed together with the Base Law establishes an Income Tax floor of $1,800,000 for single workers and $2.2 million for married workers. This means that some 800,000 workers currently exempt from Profits would once again pay the tax at rates ranging from 5% to 35%.

Francos explained that the objections of the Patagonians pass through that floor established by the package approved in the Lower House, since it would push hundreds of workers in their provinces to return to paying taxes on their salaries.

“We are talking about the claim of the Patagonian governors, to consider Patagonia as an unfavorable area because they have higher salaries because they have higher costs. They are proposing a difference, a higher profit floor, and we are in that analysis,” he indicated. the official.

In that sense, the minister stated that ” if these modifications exist, it will finally have to go back to Deputies to ratify the rule.”

“And just as the law was approved in Deputies with a significant number of votes, it seems to me that also, if there is any modification, the modifications will be ratified . Or not. It will be the deputies who say it,” he stated.

Francos admitted that these modifications will delay the final promulgation of the law, but he reiterated his optimism in the final approval of the norm and was hopeful about the boost it will give to the Government.

“I imagine with the law approved in general. There we are going to have some pending discussion in case there is a particular modification, because it will have to go back to Deputies for that modification to be approved and there it may be that we take a while.” week more,” he described.

“But once the law is approved in general, for us it is law. Beyond small differences on some issues,” the minister concluded.

Francos was one of those who spoke on Tuesday at the start of the debate on the Bases Law in the Senate. The ruling party’s plan was to rule yesterday. But as Clarín said , the allies’ objections to the project delayed the process . Finally, La Libertad Avanza ruled out the express procedure that they hoped to be able to comply with to reach the law approved by Javier Milei’s Pact of May 25 with the governors and opened the door to a debate with speakers.

Unión por la Patria is not the only block that will present exhibitors. The others will also do so and the president of the commission, the libertarian Bartolomé Abdala, set a deadline for them to present the list of guests they request until this Friday at 6 p.m. The debate in the plenary session of the commissions will resume on Monday afternoon.

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