During his speech at the IDEA Colloquium, which is taking place in Mar del Plata, the governor of Mendoza, Alfredo Cornejo, stated that "Argentina needs a fiscal and educational reform with a federal vision." The governor emphasized that the country requires a new tax system that respects federalism, eliminates distortionary taxes, and promotes the development of the private sector.
Cornejo participated in the panel "The Governors' Vision II", alongside Rogelio Frigerio (Entre Ríos), Marcelo Orrego (San Juan), and Leandro Zdero (Chaco), in a session moderated by Horacio Riggi, head of Economics at the newspaper Clarín.
The traditional meeting of the Argentine Business Development Institute (IDEA) brought together more than a thousand participants, including businesspeople, officials, academics, and leaders from the private sector, who discussed the country's structural challenges.
A comprehensive fiscal reform with investment incentives
In his presentation, Cornejo argued that the current tax system "doesn't incentivize work or reinvestment," since the tax burden discourages competitiveness compared to other countries in the region. He proposed moving forward with a comprehensive reform that includes lowering distortionary taxes and a thorough review of public spending.
The governor recalled his participation in the 2017 Fiscal Pact, which made it possible to reduce taxes such as Gross Income, Stamp Tax, and withholdings, and pointed out that "at that time, distortionary taxes accounted for 3% of GDP and today they almost reach 8%." He also reaffirmed his commitment that Mendoza will eliminate the Stamp Tax by 2030.
