The national legislators of Mendoza celebrated yesterday the sanction of the Bases Law and today Alfredo Cornejo He detailed how the Fiscal Package will impact the provincial coffers. “A category of Profits. It is a tax that is measured by people’s income. From the tax on individuals annually Mendoza “I could receive around 170 billion pesos that we had lost last year when this category was removed,” the governor said at a press conference after the inauguration of three buildings of the Penitentiary System.
“There are only 800,000 people who are covered by that new tax and Mendoza “There are no more than 40 or 50 thousand,” added the provincial leader. In addition, Alfredo Cornejo He clarified that they are estimated figures as long as the CGT or the unions do not present protections and prosecute the issue.
Regarding the Base Law, Cornel He said that it is an essential standard to generate positive expectations in people, companies, small and large companies that seek to expand their activities. For the governor, this regulatory framework will be very positive for Mendoza and will generate the conditions so that companies can produce.
Regarding the Fiscal Package, Alfredo Cornejo He assured that “the deregistration of personal assets will allow laundering and will be an incentive for companies or economic activities that are in the black to launder and start paying taxes.”
“All provinces have 50% of their economy in the black market and this has negative externalities. For example, having a market for used goods, many of which are stolen, is negative for security,” he added.
Anyway, Alfredo Cornejo He said that it is very complicated to make exact calculations about the benefits of the sanction of the Bases Law. “It is a process. It will only begin to be known after the whitewashing of the economy. All those who adhere to money laundering will have to pay more taxes, and therefore, national collection and co-participatory collection will also grow,” he explained.
“But we can’t project it. “We do not know the economic expectation generated by the approval of the laws and how it will impact companies and the individual decisions of people,” he concluded.
Positive calculation for Mendoza
The governor Alfredo Cornejo recognized the drop in activity. “The economy has fallen a lot, there is a strong economic depression. Consumption has fallen, investment has fallen and revenue has fallen,” said the provincial president.
However, he was hopeful and estimated that although the Personal Property Tax rate is lowered, they expect more people to declare their assets and economic activity, therefore, the collection should continue to increase. “If everything goes well, next year there will be an economic recovery of between 3, 4 and 5 points,” he explained.
