After the Court returned part of the co-participation, Rodríguez Larreta will eliminate the credit card tax tomorrow

The head of the Buenos Aires Government Horacio Rodríguez Larreta announced that after the Court’s ruling to return part of the mass of co-participating funds, he will eliminate the credit card tax that was created in 2020 due to the budget cut and in turn, lowered the gross income of financial taxes from 8 to 2.95%. Everything that the Court returns to us we are going to apply to the reduction of taxes. First we will totally eliminate the tax on credit cards from Thursday, December 22 and second we will reduce the gross income from financial taxes from 8 to 2.85, which is the proportion of the money we are going to receive, this takes effect in 10 days. The Court’s ruling is not retroactive, that’s why it is done from now on,” said the mayor of Buenos Aires. Rodríguez Larreta started his message to the people of Buenos Aires with a review of the moment in which the funds were taken from the City, in the middle of the pandemic and without consultation, which he said “legally corresponds to the CABA since they moved the Police”. However, the return of the funds was less than that of the City Government, of the 3.75 that Cirte received, it returned 2.95, as requested in Justice by the same head of Government in the lawsuit (3.50 of the funds).” It generated a huge problem because it was in the middle of the year and the budget, when we had to pay salaries, buy supplies for the pandemic, equip hospitals and there were works underway,” recalled the mayor of the city, who pointed against the Government for notifying him “one minute before the announcement” of the removal and stressed that the measure taken by Fernández was to “harm a district on purpose, because we didn’t vote the way they would like or because in the pandemic we made different decisions.” Likewise, Rodríguez Larreta said: “The Government decided to take away from the City an amount more or less equivalent to the entire salary of the City’s teachers. It was an unconstitutional measure, violating the autonomy of the city, violating all the principles that govern federalism.” Finally, the head of the Buenos Aires Government said that after the cut in co-participation, the GCBA decided to “make an effort from politics”, to cover 50% of the cut with renegotiation of contracts, lowered rents and postponed public works. But it did not reach, so they had to create the tax on credit cards and promised to eliminate it if the Court ruled in favor because they were convinced that it was going to be “transitory.”

Original source in Spanish