After leaving the capital due to unpayable municipal taxes, mayors from the interior are already competing to receive it
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Mercado Libre will determine the location of its new offices in Greater Córdoba in the coming days. The decision comes after leaving the three floors it occupied in Torre Capitalinas. More than 1,200 employees in Córdoba are waiting for the new destination.
Marcos Galperin's company, an Argentine pride throughout the region, was pushed to leave due to an exorbitant municipal tax. Just for Hygiene and Safety, it paid $770 million per month. That amount was 24 times higher than the value of its own rent.
The situation was seen as a clear political message after Galperin's criticism of the Kirchnerist model. Córdoba's Municipality chose to punish success instead of promoting it. Today, the city is losing real private investments due to an archaic fiscal policy.
Mercado Libre emitió un comunicado informando que cerraba sus oficinas en Córdoba Capital debido a las infernales tasas municipales.
The interior of Córdoba is moving and competing for investment
This fact contrasts with the passivity of the capital's Municipality, which is more interested in collecting revenue than in creating conditions for development. While some municipalities promote genuine employment, others drive away productive opportunities. Córdoba Capital is left off the radar.
Mercado Libre states that they will make a final decision within the next 14 days. Greater Córdoba appears to be the most competitive area due to infrastructure and access. The Capital was directly ruled out as unfeasible.
El Gran Córdoba aparece como la zona más competitiva por infraestructura y acceso.
Local political failure in the face of a golden opportunity
Instead of offering incentives, the municipality multiplied its tax demands to unprecedented levels. What could have been a Córdoba success story became another case of driving away private capital. The local economic policy was exposed.
Today, meanwhile, Galperin is considering expanding in more dynamic areas. Córdoba stands as an example of what should not be done. Competitiveness is not built with slogans, but with clear rules. The Municipality has just expelled a giant due to lack of vision.
