The Fiscal Innocence Law is the greatest historical reparation to decent Argentines

The Fiscal Innocence Law is the greatest historical reparation to decent Argentines
The Fiscal Innocence Law is the greatest historical reparation for decent Argentinians
porEditorial Team
Argentina

The end of a state that persecuted those who made progress

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I do not remember a more important law in terms of the number of people who benefit. I am not talking about the macroeconomic impact that it is going to generate when savings stop hiding and start circulating again. I am talking about something deeper: a historic reparation.

For years they made you poorer with inflation, they forbade you to save in dollars, they suffocated you with taxes, and they persecuted you if your assets grew. The message was clear: progressing was wrong. That persecutory delusion has come to an end.
The Fiscal Innocence Law is not a tax technicality. It is the greatest tax revolution in Argentina's history and a forceful cultural signal. The State stops treating you as a criminal by default.

That's why it is not a minor detail that Banco Nación, with more than 700 branches and digital channels, is ready to serve those who want to use their savings. Banks have gone back to being banks: intermediaries of savings and investment, not commissioners of the State's party.

The time when the financial system was an extension of the political control apparatus is over. Today it is once again at the service of the people. Fiscal Innocence restores the savings-investment link, a basic condition for growth. But, above all, it marks a turning point: Argentina once again embraces tax freedom and the presumption of innocence.

This cultural change is reflected in another historic milestone: the first budget with zero deficit in decades. The Kirchnerist fabrications, discretionary spending, and the slush fund to discipline governors and finance political activists are now behind us. Argentina is once again a serious and predictable country.

Now it becomes clear why it was key to paint Congress purple: to pass laws that benefit the people and not politics. This is not an endpoint. It is the beginning of a long-postponed normality.

A normality that is beginning to show concrete results. Sectors that for years were hostages of the closed and corporatist model are moving again. Latam Airlines was authorized to operate domestic flights and new regional routes. During Kirchnerism it had been forced to leave the country. Today it returns because there are rules, competition, and predictability.

It is no coincidence that the airline industry is breaking records. In November it was the best month in history with 4.39 million passengers, and airports such as Córdoba and Salta are leading the growth. More flights, more connectivity, more tourism, more jobs. Everything that statism claimed was impossible.

The same thing is happening with household appliances. Sales grew 25% year-on-year and prices fell by up to 60% in dollars. What is Kirchnerism's reaction? To cry because a plant in Pilar closed that only survived thanks to 18 exchange rates, capital controls, absurd gaps, SIRAs, and miserable wages. It did not close because of Milei: it closed because the privilege ended. Competition returned, and with it, the consumer stopped being a hostage.

The agricultural sector is also a protagonist of the rebound. December will mark a historic record for wheat exports, almost doubling last year. Indonesia, Vietnam, Brazil, and Bangladesh are buying what used to be discouraged from being produced. Because when the State stops punishing those who produce, Argentina responds.

It is remarkable that in just two years of Milei's government the country has undergone such a deep shift. Until not long ago, December in the K era was synonymous with organized decay: underground exchange houses full of workers burning their year-end bonus to escape the peso, endless lines to fill up with gas, power outages that were taken for granted, shopkeepers terrified of looting, and streets taken over by picketers who extorted those who wanted to work.

That Argentina of fear, inflation, and resignation was not an accident. It was a model. That model must never be brought back.

The year 2025 finds the country in a different place. With fiscal order, clear rules, and an economy that is beginning to function without patches or privileges. Milei did not come to manage decay or to negotiate with those responsible for the disaster. He came to break the cycle, to say what no one was saying, to do what no one dared to do. The results are beginning to be seen, inside and outside Argentina.

That's why it is no coincidence that Javier Milei has been recognized among the international leaders of the year by The Daily Telegraph. It is not marketing or a narrative. It is the recognition of a real change of course, in a world where many governments insist on more State and more decay.

If 2025 was the year of the project's consolidation, 2026 is going to be the year of expansion. More investment, more genuine jobs, more growth, and less State meddling in people's lives. Not as a naive wish, but as a logical consequence when the macroeconomy is put in order, those who produce are respected, and citizens are given back what is theirs. The transformation has already begun. Now the key is not to ease up and not to go backward.


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