According to Martínez in radio statements, “Deputies can accept the Senate’s changes or insist on their version, in both cases there is a Bases law.” And he stressed: “There is no longer an instance of rejection of the Bases Lawthere is no possibility that there is no law.”
“If the Government jumps from 40 to more than 129 votes, it is because there are blocks that allow it. And if the Government approves the Bases law and the fiscal package, It is with the invaluable help of other blocks; There are blocks that call themselves opponents, but act as the battering ram of the ruling party,” the opposition legislator declared about the vote.
Germán Pedro Martínez Member of the Chamber of Deputies of Argentina
Germán Martínez spoke before the final debate on the Bases law.
Ignacio Petunchi
Martínez on the Bases law: “It does not solve any of life’s problems”
The head of the opposition bloc pointed out that, “if the Bases Law is approved, I’m not going to get depressed even if it’s absolutely harmful for national interests; “The Bases Law does not solve any of the problems of the daily life of Argentines and its format ends up conditioning the debate.”
While he pointed out that the government always wanted to vote for it “as close a package as possible.” And he reported: “They had to falsify the numbers to form the commissions, the Base Law had arbitrariness in the transfers to commissions.”
“They delivered embassies, senators sitting on the stairs to tie and break Villarruel, contracts in Yacyretá and Salto Grande”Martínez added.
Tax package: what are the changes in Profits and Personal Assets
After obtaining a majority in the Bases law opinion, that replicates the content approved in the Senate, La Libertad Avanza managed to impose the tax reform office with 27 signatures (4 dissenting) from five different blocks. The text ignores the sanction of the Upper House and recovers the document agreed upon in April in Deputies, what includes Personal Property and Income Tax.
Income Tax
Looking ahead to the debate in Congress, the opinion approved this Tuesday has two modifications to the project sent by the Senate. One of them focuses on the restitution of the fourth category of Income Tax.
The version of Deputies, in this framework, proposes raising the non-taxable minimum at $1,800,000 gross for singles now $2,200,000 for those married with childrenIf the article is approved, 800,000 workers would again pay the tax at rates ranging from 5% to 35%.
The update of this tax, as established by the legislators, will be carried out every three months during 2024 and semiannually based on the Consumer Price Index (CPI) from 2025.
Personal property
The Government, on the other hand, proposed in its negotiations with the dialogue opposition the restitution of the Personal Property Taxes (IBP), since it considers it as a way to guarantee money laundering.
The new floor would $27 million to $100 million and the deduction for family house would reach the $350 million.
The rates corresponding to the sworn declarations made with the assets until the end of 2023 will be between 0.5% and 1.50% and between 2024 and 2026 only two rates of between 1.25% and 1.50% will remain in force, while that the only rate for 2027 will be 0.25%.
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