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With the closure of the central bank, the president hopes to end inflation “forever.”
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“In 2025 we will see a tax competition between the provinces to see who attracts the most investments.”
As part of the speech he offered to the country, within the framework of the first anniversary of his government, the president of Argentina, Javier Milei, announced that in 2025 he will lower taxes and advance in the process of closing the central bank.
In your address The president assured that the plans to implement a tax reform is in full progress. “My team is currently finishing a structural tax reform that will reduce the amount of national taxes by 90% and will give the provinces back the tax autonomy that they should never have lost,” he said.
He added that with these measures he hopes that next year there will be “a true fiscal competition between the Argentine provinces to see who attracts the most investments.” A favorable result that he also hopes will occur in monetary matters, a sector in which he considers that very good results have been obtained.
He highlighted, in this sense, the convergence that is currently observed between the parallel currency market and the official one, with the peso trading more strongly on the black market. A fact that takes as an indicator of the strengthening of the peso against the dollar during the last six months, and that shows that Argentines have greater confidence in your local currency.
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Milei relies on this situation to highlight the progress of its measures, characterized by what it called the zero emission planthrough which prevented money creation and reduced tax spending. Now he is preparing to fulfill one of the main promises he made during his election campaign: the closing of central bank.
In that sense, he points out that they are working on a “definitive solution” for the organization’s stocks, which may come from a agreement with the International Monetary Fund (IMF) or with private investors.
With this, the president will wait end the so-called exchange rate trap and inflation “forever”, also announcing the implementation of a free currency competition scheme, which will allow people use any currency in your daily operations. «They will be able to use the currencies they want in their daily transactions with complete freedom,” Milei stressed.
This means that from now on each Argentine can sell, buy or invoice in dollars or in the currency they consider, except for the payment of taxes which, for now, will continue to be in pesos.
Javier Milei, president of Argentina.
It is aboutBitcoin-charla/” target=”_blank” rel=”noreferrer noopener”> one of the electoral offers which most attracted bitcoiners in the country because it also opens the possibility for the free use of cryptocurrencies such as bitcoin. However, they are still waiting for the president to implement favorable regulations for the sector, since They question some of the measures that have been taken during this year.
With all this, the Argentine president assures that the country moves away from the ups and downs that characterized its economy. And although he thinks that there are still many adjustments to be made, “the economy seems to have begun to wake up, as shown by the indicators of the last three months.”
This gives room to begin lowering taxes and enter the second phase of the government program, which contemplates deepening the reduction of public spending.
Approaches with the Trump government
Milei also said that among his objectives for next year is the promotion of a free trade agreement with the United States, in addition to allowing the members of Mercosur to trade freely.
“The treaty with the US should have happened 19 years ago,” Milei insisted, without mentioning that his goal coincides with the return of Donald Trump to the presidency of the United States, and with the approaches that both presidents they had after the victory of the Republican.
As CriptoNoticias has reported, the government plans of Milei and Trump have several points of coincidence. Among them, the willingness to allow the free development of the ecosystem linked to cryptocurrencies stands out.
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