Mar 10 β€’ 13:30 UTC πŸ‡¦πŸ‡· Argentina Clarin (ES)

Macri on Retentions: 'The Field Could Be Producing Double with the Correct Taxes'

Former President Mauricio Macri claims that the agricultural sector could double its production without retention taxes, highlighting the government's slow pace in removing such taxes.

Former Argentine President Mauricio Macri commented on the agricultural sector's potential during a recent event, asserting that with the right taxes and infrastructure, farmers could substantially increase their output. He argued that the current government's speed in eliminating retention taxes is inadequate compared to the agricultural potential of the country. Macri emphasized the frustration among producers, stating that the sector could produce double the current amount of food if not hindered by taxes and infrastructural challenges that have remained unresolved for years.

Macri described retention taxes as 'criminal' and highlighted the contrast with other countries that support their agricultural sectors through subsidies rather than penalties. He urged for the swift removal of these taxes to allow for a necessary growth in the agricultural sector. This discourse forms part of broader discussions about agricultural policies and economic management in Argentina, especially given the new government's approach under Javier Milei.

The implications of Macri's statements reflect ongoing debates within Argentina about the treatment of the agricultural sector, a key component of the nation’s economy. As the government considers alterations to tax policies, producers and stakeholders in the agricultural sector are watching closely to determine how future policies may affect their productivity and profitability.

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