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According to a study by CEPAL, the country was placed 2nd in the regional ranking higher tax burden on their taxpayers. For specialists, this gives strength to face the vagaries of international markets.
Argentina is located in the second place in the ranking of regional pressure on its tax payers according to a study by the Economic Commission for Latin America (CEPAL), which shows that this signifies a stronghold in times of global crisis face the vagaries of international markets.
The report notes that in times of global economic crisis, the high tax pressure allows it to be one of the countries with lower fiscal risk, reports the Economic Daily Buenos Aires.
"Fiscal policy is best placed to address the current crisis, but it is more difficult to implement because it depends on the macroeconomic and institutional development space available to countries," said the executive secretary of ECLAC, Alicia Bárcena, during the Forum European Union, Latin America and the Caribbean opened yesterday in Montevideo, Uruguay.
The document states that "a higher tax burden implies a greater capacity to reallocate resources from a low access to alternative sources of financing."
Specifically, the report places the Argentina in the second highest regional tax, with a level of 29 per cent in relation to the Gross Domestic Product (GDP) and is second only 36% of Brazil.
Moreover, these numbers place in our country over Uruguay (24 percent), Chile (21), Peru (17) and Mexico (12 percent).
Therefore, the report notes that both Brazil and Argentina are the countries less subject to a fiscal impact, "the level of tax is a key indicator of the possible effects of the crisis in tax collection, and places the country lower tax burden in the group of most exposed to it ", says the CEPAL report.
Similarly, CEPAL detailed tax measures that each country has implemented to address the global crisis.
Regarding the mention of Argentina: the wide moratorium tax and welfare for all obligations due to the December 31, 2007, the reduction of employer contributions for companies that generate jobs or regularize, the low withholding taxes on exports of wheat and corn, the decrease of one percentage point for each additional one million tonnes up from the average production in recent years, discount of 50% withholding tax on fresh fruit and vegetables, removing the "board of Machinea "which applied to employees since 2000 and the extension by one year of the incentives for the purchase of capital goods, among others.
Barcena said: "Reducing taxes is easier but less effective, because the increase in income does not necessarily imply that private is going to transform into more spending. It is most likely that a significant saving. Increase spending is more effective, although not always the countries and projects are evaluated and are ready to deploy quickly. "
Source: Telam.
Automatic translation by Google Translator
