The proliferation of tax projects, increased adoption rates and levies of various kinds has definitely taken over the brains of our representatives. Not been observed in recent years one idea tends to lower public spending or make it more efficient.
At the time of this writing, 20 of the 24 provinces accuse deficit. Some of them are definitely serious situation. The Central Branch has solved suspend the call in times of fiscal pact Cavallo. The provinces can now borrow to at least meet the immediate expenses.
At the time of this writing, 20 of the 24 provinces accuse deficit. Some of them are definitely serious situation. The Central Branch has solved suspend the call in times of fiscal pact Cavallo. The provinces can now borrow to at least meet the immediate expenses.
The Nation as a whole is also in deficit. The National Government will probably end the current year with a negative balance of approximately $ 20,000 million. The spending is absolutely out of control and there is no indication that this will change. On the contrary. With the passage of the so-called economic emergency for two years (always renewed for one year, but the next majority in Congress will not be official), the taps remain open to depth, especially when you consider that 2011 is year of election presidential.
The need for funds is urgent. The inventiveness of deputies, senators, union leaders are ideologues and even the order of the day. They come and go new and old projects trying to apply new taxes on anything. More than ever before, we are looking to scratch the end of the jar. No acknowledgment sector that some degree of success will be saved.
In the province of Buenos Aires, recent changes generally mean higher interest rates and the creation of so-called inheritance tax. In recent years, both in this province and in other directory schemes have proliferated confiscatory withholding taxpayers alleged bank must demonstrate which are not then for the return of the amounts extracted from their accounts out of all legitimacy, without interest and without charge. Simple riding of funds, they say. Extent that they are aware and have supplied over the Internet a wealth of information that can be procedurally required only an inspection and a communication reliably reported. To this are added several holidays and bleaches, including labor. With such a levy, there are even annual assessments. Sale, as they say now.
box in this situation is not surprising that once again displayed the most famous ghost of all in matters of taxation: income tax financial. The old aspiration is repeated at both national and provincial or capital. The point is as taxing as anything. Taxing the sale of shares, interest on savings or time deposits and income from government securities is a pending certain sectors self-proclaimed progressives who now join the ranks more conservative, given the existing resource thirst .
listened on the radio today a Member of Allied Capital filmmaker Pino Solanas describe a tax on gross revenues to the sale of shares in the order of 1.5% and to work out the possible recovery. The deputy did not seem to be account the fact that a transaction is in the City of Buenos Aires is not eligible for the tax as gross income that jurisdiction should be defined as what would be the operative under the Multilateral Convention.
surprising lightness with which he handles all these people. We could dwell on fees and charges both national and provincial and municipal. We shall only cite for example the 1% tax, which already has initial approval in Deputies, cellular consumption destined for the Olympic sport. Or the recent adoption of differential charges for certain electronic products are to a large extent base technology that the country badly needs to become more efficient and remain part of the world.
tax to promote the Olympic sport is a surreal Fellini. In psychedelic colors and everything. A specific charge is always considered an error in doctrine at least. But even if the tax has absolutely nothing to do with the purpose, as is the case. By the way, will supposedly support (what we say it is likely to be approved) will depend on the use of cell phones and text message. If the above equipment is used less, unless the sport will be promoted, and if used more, since then the sport Olympic flourish accordingly. It would not be surprising that shortly decided to multiply the rate of this new tax, since the purpose of it is laudable.
As for taxes on financial income, as we have argued on other occasions this is not true that income is not taxed. In fact it is when individuals who are active and as long as those transactions related to the 21,526 financial institutions law. The interest earned by individuals, for example, private mortgage loans are made by the income tax and the value added tax. It is true that the stock purchase is not reached by the income tax when it comes to individuals, nor the interests of savings or time deposits. But if it is legal persons themselves are taxed such income. As you know, banks always charge VAT on debts or interest expense. And of course they also pay income tax on their net income.
impuestomanía Behind this is obviously an urgent need for housing in all jurisdictions, including national, of course. The arguments can be passed from the injustice of the lack of redistribution of certain income to the promotion of activities, or even the magnificence and even the damage they cause in humans some consumer products (alcohol, snuff, etc.). All served.
The Member who spoke mentioned the famous and much talked about income distribution, and explained that the higher income population in the Capital get 36 times more resources than the more delayed, not to mention the population percentages of the various stages of scale, and assuming that the tendency to egalitarianism eliminate the problem of poverty. Issue as settled as false, since the accumulation of capital per capita is achieved by attacking the successful but enforcing the law and ensure legal stability not only no longer exists, but also has become increasingly insecure, thereby scaring the necessary working capital and investment projects, leaving the responsibility almost entirely, promotions and various combos by the State.
The lack of awareness of, for example, the Laffer effect, whereby a certain tax burden exceeded consumption is discouraged (or encouraged evasion), shows clearly the lack of criteria, improvisation, the idea always pay someone who has hurt both the country and not now, but for decades.
elected deputy Carlos Heller, for example, clashed in public statements said former minister Roque Fernandez. This was a reference to bills of financial institutions, which aim inter alia to the creation of an obstacle from the National Development Bank. Fernandez said he feared a repeat of what happened to the AFJP, seized by the federal government. Heller said only that he agreed with the funds of the administrators were handled by the State within the ANSES as is done today. It's funny but what Fernandez is obviously meant the confiscation of funds, not the system used. It is remarkable how refused the obvious. But it is. The 15-year contribution to the Pension Funds has become one stroke in a tax collection more to spend on whatever you can think of two or three officials. Then he aims to institutionalize even from the government sector.
Because they are exactly the expropriations, confiscations, abuses such as withholding tax to spray and pray and all discursive tirade against the profitability and the private sector, the incongruous elements to life within a democratic system that respects individual rights, the only way to ensure economic progress of the Nation.
As we have also found virtually no activity or initiative that does not arise from an announcement of government assistance. Nobody seems to reverse or do anything unless the state intervenes.
The reality is that the market panacea has been replaced by the panacea of \u200b\u200bthe omnipresent and omniscient state, inventor jobs, delivery of subsidies, appliances and universal allowances. And so the spending can be infinite. So you try to fix the holdouts wiped once. Or search as arranged with the Paris Club. Or with the hated IMF's belief that only the state can create jobs through proactive measures where jobs are created not just because conditions are not ripe for it. Because otherwise, those jobs would be generated alone. We have often said that when the State must resort to promotions, it is precisely because the conditions are not and need (to trial of officials on duty) encourage them. Incentive to always pay the rest, of course.
Money and more money to start several new promotions and grants. The state box in a paroxysm of solutions to the problems of life. Happiness Cristina faced. Or Scioli, or Macri. Or whoever.
So have failed all investment projects, all forms of credit, all tax returns, all aid schemes, all trades, everything.
The state destroys the legal system and then, since that causes destruction capital flight and disinvestment, the State comes to help and therefore demands infinite resources. As many as initiatives are occurring at three or four cohorts of the day.
as we always do emphasize that this is not new. The story has a few decades. The progressive increase in state interference in private income is, at present, quite a record and growing. The tax burden creates a huge black market, even within the state, especially in labor matters. But in other areas. Suitcases full of cash that come in bags or official aircraft ditto in the bathroom of a minister to prove it. The black money is the visible face an operative trout, so to speak. The origin of this money is spurious, illegal. Not in the circuit. Operations comes in black. This is obvious but it goes without saying.
Billions of dollars are not subject neither to review or supervision, nor the requirement of proof in the government offices (national, provincial and municipal). Huge fortunes appear in sworn statements by officials with little time to pregnancy and no clear and sufficient explanations. The black market is the troubled waters of the fishermen. The more tangled the thing is, the harder it is to detect flaws. And easier is to conduct operations spurious.
The impuestomanía is a simplistic reaction to the irresponsible. A cure. A simple way to mitigate what officials themselves have created.
Historically in Argentina have been emergency situations. The solution of the politicians of the day, except during certain periods, has always been the same. Is there enough water?, Close the taps pairs Is overloaded phone? Does night talk little energy? turn off the lights. And the counterpart can be nothing: not enough resources? put new taxes. At some point even talked about putting a tax on pets. Do not miss the gentle reader either. For truly for he also impuestomanía the sky is the limit. HECTOR
BLAS TRILLO
