Mauricio Macri said that after "the turbulence of last year, it was time to put the emphasis on growth" – 14/02/2019

"Continue to normalize Argentina is one more step"With this sentence as the focus of his speech, Mauricio Macri announced Thursday a tax relief plan for nearly 20,000 companies in regional economies," he said.several novelties"There will be all year long, and he said that after" the turbulence "that the country has known in 2018," it is time to put the focus on growth ".

This is the increase of the non-taxable minimum on the employer's expenses. From now on, "no employer will pay taxes to work for employees who request up to 17,500 pesos. And for those who ask more, they will only do it for the difference. This benefit will improve the situation of 200,000 workers and 1,900 companies, "said Macri.

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"It's a step further to continue to normalize Argentina, continue to build a state that promotes quality work and does not create barriers to taxes and duties. Argentina is growing with every growing producer, "added the President during a ceremony at Casa Rosada, where he was accompanied by his ministers, several governors and representatives of the business sector.

Currently, the employer's contribution is $ 7,300, with which the new plan represents an increase of 132%, which relieves the producers. This was a request from the CAME (Argentine Chamber of the Medium Enterprise), the SRA (Rural Society), the FFA (Argentine Agrarian Federation), the CRA (Argentine Rural Confederations) and the Coninagro in April 2018. By that date, they had risen to $ 12,000.

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Macri described the measure as "encouraging news " and pointed out that "almost half of the enterprises linked to regional economies are SMEs". In this sense, he admitted that "to grow, they face obstacles" and stated that "one of the main ones is the tax on labor ".

"With this measure, they will be encouraged to give more jobs. But in addition, the possibility that more workers go to the formality of work, with the rights that implies and deserves, "he added.

After highlighting the importance of increasing production and reaching more markets, the president announced that he would seek to improve business relations during his trip Friday in India, Vietnam. and the United Arab Emirates. "Huge economic opportunities open up for our industry, especially for the big Pyme family, who are at the heart of the Argentine economy, "he said.

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"India is an economic superpower, which should become the second largest economy in the world, and I'm going to talk to you about the good things that Argentines have to do," he said.

Finally, after thanking "the efforts" made by the productive sector duringthe turbulence of last year", Macri said that" today is the moment to Put the focus on the challenge of growth, exports and competitiveness ".

"This announcement is the first step of this year's economic agenda, during which many new developments will occur," he concluded.

JPE