The company Mercado Libre has expressed its rejection of the recent increase in the gross income tax that has been implemented in several provinces, arguing that this measure harms both consumers and small and medium-sized enterprises. In a press release, the company specifically mentioned the province of Santa Fe but extended its criticism to the rest of the subnational states.
In the statement, Mercado Libre expressed that this increase in the Gross Income Tax in Santa Fe and other provinces negatively affects consumers and SMEs, resulting in higher prices for products and services and endangering thousands of businesses that are fundamental to the local economy. The company believes that this tax is unfair, as it taxes the total invoiced instead of profits, creating a cascading effect that ultimately increases prices.
Furthermore, Mercado Libre points out that the management of this tax incurs unnecessary administrative costs that hinder the growth of businesses. In that same line of argument, the company maintains that instead of moving towards a simpler and fairer tax system, these new measures harm productive, commercial, and consumer sectors.
The company believes it is crucial to reduce the tax burden at this time and prioritize families, SMEs, and producers to stimulate economic development. In this regard, Mercado Libre concludes its statement urging a reconsideration of fiscal decisions and focusing on promoting economic growth that benefits all involved parties.
