economic, Alberto BarrosIn contact with Canal E, she analyzed the new tax that the Province of Buenos Aires seeks to apply to securities issued by the nation and explained its scope, real impact and the consequences it could have for banks, companies and individual investors.
Alberto Barros described the essence of this procedure: “It is the determination of the gross income rate For securities issued by the stateIn general, it is for all living organisms Which is not from the province of Buenos AiresAs developed, this implies that it is also possible to access other provinces’ emissions, depending on the financial domicile of the entities they have in their portfolio.
Where does the measure affect?
Likewise, he explained that the tax falls mainly on entities with a presence in the territory of Buenos Aires: “It affects In all banks with branches in the province of Buenos Airesor they are clearly from the province of Buenos Aires.” In the same vein, he highlighted: “They can influence almost 50% of income from public securities Which all banks have in their portfolio.”
Barros explained that Banco Provincia could get an exception, but explained that if not, he would also pay the tax: “Banco Provincia You will pay for all the income you have from public securitiesBecause its headquarters are located in the province of Buenos Aires.
For entities with a presence in several jurisdictions, such as Banco Nación, the calculation will be proportional: “There will be a division Which will be 35% general and 9%This is the rate at which they implement it.
The interviewee also explained that he does not tax capital: “Consumption is capital. One cannot tax consumption. “It’s about what one gains from investing in that title.” He specified how long it had been running: “It all adds up From the effective date of the law“It will happen.”
Additionally, he compared the mechanism to other existing mechanisms: “It’s like keeping a live CDR that keeps you straight, right here, When they pay you rent, 9% will go to the province of Buenos Aires“.