Sat. Feb 24th, 2024

Argentinian government removes tax reforms from bill “  omnibus 

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Javier Milei won the presidential election last November.

Agence France-Presse

Javier Milei's ultraliberal government in Argentina has withdrawn key tax reforms from its vast so-called “omnibus” law, after their rejection by the opposition, announced Friday the Minister of the Economy Luis Caputo.

We have listened to everyone and, in fact, we share many of their demands, said Mr. Caputo during a press conference.

The government will notably withdraw the articles relating to the modification of the tax on wealth, on high incomes and the calculation of the increase in pensions, he indicated.

< p class="StyledBodyHtmlParagraph-sc-48221190-4 hnvfyV">Javier Milei won the presidential election last November. However, in Argentina's multi-party political system, Mr. Milei's party is the 3rd force in Parliament, forcing the executive to make compromises.

The so-called “omnibus” law is a series of deregulatory or austerity reforms (664 initial articles) covering everything, from the electoral system to privatizations, from pensions to the Penal Code, from education to culture or divorce. It could see nearly a third of its provisions not be approved, warned the opposition within the Chamber of Deputies.

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