Unexpected rent: AEA criticism and expensive support for Syngenta

Unexpected rent: AEA criticism and expensive support for Syngenta

The project to create a new unexpected income tax, which still has a long way to go before it becomes a reality, already worries big companies. After the announcement, last Monday, from Together for change they had already announced that they would not accompany the project. Now it’s up to the companies.

Yesterday the Argentine Association of Businesses (AEA) came out to criticize the tax, which the government announced it will create to finance the bonds that will be delivered in April and May and which will tax companies that meet two requirements: that they have profits in excess of $ 1,000 million a year and that increased significantly in 2022.

Argentina must return to the path of sustainable economic and social development and to do so it is essential to create the conditions so that small, medium and large enterprises can make investments that generate employment and increase production and businesses. exports. The creation of new taxes – such as the recently announced ‘unexpected income tax’ – goes in the opposite direction to that indicated. In Argentina, 165 taxes are already in place and the tax burden on the formal sector of the economy is very high and has grown strongly over the last 20 years, easily exceeding the regional average. With less taxes, we will generate more investment and employment, they stressed in a short statement.

An extra tax means sending a message to all people and businessmen that starting to do business in Argentina will be increasingly difficult, AEA president Jaime Campos told Radio Miter this morning. The question we must ask ourselves in Argentina is whether we are all working to create increasingly attractive conditions for investment in the country. The message (sent by the government) is: “Sir, before doing business in Argentina, look at it 400 times, because every day they impose a new tax,” Campos added.

Ciara’s refusal

From Ciara-CEC we express our deep concern for the proposal of the newtax announced byMartin Guzmanthey said sinceChamber of the Argentine oil industry (Ciara).

The ruling party has expressed an opinion on the project which proposes to pay the debt with the money escaped abroad

Although the war has generated a rise in the price of somegoods agriculture, it has also done so with production costs, even more so in our country. Added to the scarcity of critical inputs, they neutralized, or more than, the relative benefits of the products of thesour.In addition to this, we must not forget that the National Government qualifies the exports ofmaize YGrainmaking it impossible to capture the rise ofprices by exporters The economic distortions produced by this class of measures should be discussed in Congress, particularly with regard to tax issues. That’s where the agro-industrial promotion bill sleeps.Argentina you don’t need more tax. On the contrary, what is needed is to take the handbrake out of production andinvestment for there to be moreworked. We will be open to working on such a proposal if the government calls us, they said on their social networks.

expensive support

Unexpected was the reaction of some agricultural players to the position adopted by the CEO of Syngenta, Antonio Aracre.

The executive considered it right to charge a tax on the unexpected income and on the value that a real loan would have been obtained, avoiding having to resort to monetary issuance, which in the long run ends in inflation.

The truth is, wages are demoted. And that this group (alluding to bonus recipients) that has no equal, defenders, benefits from this bonus seems appropriate to me, Aracre said.

Many times people who are against taxes are also asking for better public education, for the police to take care of us, for justice to work. If we don’t want to pay taxes, how do we want to receive a good educational service or a good security service ?, concluded Aracre.

Yesterday, several producers from different regions started expressing on social networks, as the Bichos de Campo portal showed, that they would stop buying the products offered by Syngenta, a local subsidiary of the Chinese state-owned company ChemChina, as long as Aracre remains the CEO of Syngenta.