Almost 60% of Santa Fe commerce is betting on tax reductions as a rescue measure

Almost 60% of Santa Fe commerce is betting on tax reductions as a rescue measure
Almost 60% of Santa Fe commerce is betting on tax reductions as a rescue measure

Almost 60% of Santa Fe commerce is betting on “tax reduction” as a rescue measure

The Department of Economic and Social Research (Dies), dependent on the Santa Fe Shopping Center, published the monthly retail sales report for the month of May 2024. 58.6% of businesses surveyed in the city expressed the need for “tax reduction” by the government as a “most effective short-term measure to support SMEs”.

When asking local businesses surveyed in different shopping centers in the city about what would be the most effective measures that the Government could implement in the short term to support SMEs, a resounding 58.6% responded “tax reduction.” For their part, 17.2% favored “demand stimulation”; 13.8% for “subsidies for the sector” and 10.3% spoke of the “simplification of procedures.”

All of these results, according to the Santa Fe Shopping Center report, “were based on interannual comparisons of retail sales turnover (nominal values), which were associated with the distorting effect of inflation rates, although very significant increases were achieved. significant in values, they are diluted (and even turn out to be negative) when the price increase rate of the last twelve months (289.4%) is taken into account.”

“When taking this index into account, all the businesses surveyed lowered their real sales levels in the year-on-year comparison”stated the Shopping Center report.

Assessment of sales performance of businesses

According to the report, despite the distorting effect of inflation indices, when evaluating the performance of their sales, “merchants were not so dissatisfied – probably considering the general context – and, therefore, they rated their sales as acceptable in 37.9% and good in 10.3% more, somewhat lower than what was surveyed in the month of April”.

For its part, the profit obtained from the businesses surveyed in relation to May was valued by their owners as “acceptable” and “good” by 49.2%, “regular” by 44.8% and “bad” by a 6.9%.

In relation to expectations about the evolution of the coming months, a majority (51.7%) of the merchants consulted indicated that “sales will remain at current levels (undoubtedly low) in the coming months.” For their part, a significant portion (44.8%) stated that “sales will increase.” Finally, 3.4% spoke of a decrease.

Finally, and despite the decline in sales, the good news highlighted in the Shopping Center report is that “a majority (86.2%) will try to keep their staff unchanged; even more so, 10 .3% think about increasing it and only 3.4% think about decreasing it.”

 
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