Camara — The decision comes after vacating the three floors that he occupied in Torre Capitalinas | La Derecha Diario

Mercado Libre will move its offices to Greater Córdoba after fleeing Passerini's taxes.

After leaving the capital due to unpayable municipal taxes, mayors from the interior are already competing to receive it

16/07/2025 20:03:00h

Editorial Team

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.

Market announcement from Mercado Libre stating that, due to the high cost of municipal taxes in Córdoba, the company will implement 100% remote work for its employees in that city, maintaining all jobs and arguing that the amount of the taxes is disproportionate to the activity and services received.

Mercado Libre issued a statement announcing that it was closing its offices in Córdoba Capital due to the exorbitant municipal taxes | La Derecha Diario

The interior of Córdoba is moving and competing for investment

The company received nearly twenty offers from mayors in the interior who want to host its new offices. Even a female community leader from the northern part of the province reached out during the July 9 holiday. "Some work even on holidays for private employment," sources at Mercado Libre stated.

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.

Aerial view of a city with a main avenue and a roundabout surrounded by buildings and houses

Greater Córdoba emerges as the most competitive area due to its infrastructure and accessibility | La Derecha Diario

Local political failure in the face of a golden opportunity

Mercado Libre's departure is yet another example of the failure of Córdoba's Soviet-style model. Authorities prefer to maintain confiscatory taxes rather than create a favorable ecosystem for investment. The city is losing the potential of one of the continent's most innovative companies.

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.

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