Martín Litwak—an Argentine tax and wealth structuring expert—explains that the next three months are key to the Javier Milei administration for implementation of liberal reforms. Milei is enjoying a honeymoon period, and Argentines are on their summer vacations.
Although Litwak expressed his excitement regarding a liberal government to be in power in Argentina and deregulate the economy, he is concerned the Milei administration has not led with tax cuts. Litwak contends that although Argentina has 170 taxes, 10 of them generate more than 92 percent of the state’s revenue. Further, since the burden is so high there is the potential to remove the other 160 and still bring in more revenue, following the logic of the Laffer Curve.
For Litwak, Milei’s presidency can be either a total success or a complete failure; there is no middle ground. The latter will be a disaster for Argentina, since it will invite a return to power of Peronismo. Litwak also contends that the left will continue to fight in the streets against the incumbent administration’s policies.
The opinion of this article is foreign to Noticiero el Vigilante.