2024-11-08 11:30:00
the decree The city complies with President Javier Millay’s “Córdoba version” of the Large Investment Incentive System (RIGI), demarcating the water area Relations between the Cambiomist opposition and the Civic Front that make up the UCR. This is due to the “Cordoban version” rather than RIGI itself. This is the point of disagreement.
this White beret bench led by MPs Eliza Cafarati (Sword of Rodrigo de Loredo) increased his support (Except Sergio Piguillem) Comply with this regulation Join RIGI Milei approved today the group “We Unite for Córdoba” (HUxC). All MPs also accompanied Gabriel Huspe (citizen) and Jessica Rovito Apple (Liberty of Córdoba).
Laura Vilches (left) objects to this and complains about the continued tax breaks enjoyed by large companies.
Julia Reartes: “The Senate does not act alone, but in coordination with the branches of justice, with shared responsibility for every decision”
The approved text was a factor that divided the opposition in Cambiomista. UCR agreed to make its project compatible with PJ’s and agreed to approve “the municipality’s accession to Provincial Law 10,997 and its accession to National Law 27,742 – Chapter VII -, known as RIGI, under the following terms: Article 4 of Provincial Law.”
The “Córdoba version” of RIGI is aimed at the group of parliamentarians who refuse to respond to Luis Juez. His sword, Graciela Villata, justified the rejection of the Civic Front.
The judge objected that provincial laws that adhere to national RIGI enable governors to further enhance investors’ interests and that such discretion “would only create legal uncertainty.”
“We agree with the national legislation, but not with the discretion given to Córdoba to customize lawsuits,” complained an opponent close to national senators.
compassion factor
he Radical Sergio Pighiem He distanced himself from his EU counterparts and voted against the initiative. On this basis, it holds RIGI is part of the Basic LawHe called the bill “unconstitutional” because “it infringes upon the autonomy of municipalities and provinces.”
“RIGI puts us on the brink of serious conflict Because the provinces lost control of their natural resources. Companies have zero obligations, and the state won’t even put in place minimal controls to protect local production and workers’ rights. No country in the world has such a system to provide services to big businessmen,” he stressed.
For his part, rRadical Javier Favre was responsible for expressing the yes vote of the majority of his group’s memberse to RIGI, although the text is based on the “Córdoba version”.
“The model that works around the world is where investment matters. Countries with less regulation have lower rates of poverty and social inequality. On the other hand, statist and collectivist models can lead to fiscal instability and discourage investment. Coming,” he thought.
From the perspective of the official group,Councilor Miriam Aparicio said the provision was “crucial for consolidating the potential of the national investment incentive system at the local level”.as a way to overcome difficult economic conditions. “Defining fiscal stability is a clear message for business,” he said.
Highlights of local regulations
In accordance with Article 4 of the Provincial Law, the Municipality complies with Provincial Law No. 10,997, related to National Law No. 27742 – Chapter 7 – and is only applicable to those registered and/or located in the Municipality of Córdoba , with the purpose of developing and/or executing productive investments in the sectors mentioned in Article 1 of Provincial Law No. 10,997 within the jurisdiction of the Municipality.
In another important provision of the decree approved at today’s meeting, it is established that fiscal stability shall be understood to apply only to contributions affecting commercial, industrial and services activities, applicable to each activity of the benefiting VPU. The standard of general or special tax rates determined by annual tax rate regulations.
Likewise, the Municipal Administration, through the Secretariat of Public Administration and Human Capital, is empowered to develop the tools and regulatory standards it deems necessary to apply the provisions of the Decree.
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**Interview with Political Analyst, Dr. Ana Martínez, on Córdoba’s Adoption of RIGI**
**Interviewer:** Thank you for joining us today, Dr. Martínez. Córdoba has just approved its “Córdoba version” of the Large Investment Incentive System (RIGI). Can you explain what this means for the province?
**Dr. Martínez:** Thank you for having me. The adoption of the “Córdoba version” of RIGI signifies a strategic move by the provincial government to attract large investments. Essentially, it allows local authorities more discretion to tailor incentives to investors, which has led to significant political debate, particularly around the balance of power between provincial and national regulations.
**Interviewer:** There seems to be some political division over this initiative, especially within the Cambiomista alliance. Can you elaborate on the key points of contention among the political parties?
**Dr. Martínez:** Certainly. The main divide is between those who support this locally tailored version of RIGI, seeing it as a way to boost investment and economic growth, and detractors who argue that it undermines municipal autonomy and lacks sufficient oversight. For instance, many critics, like Laura Vilches from the left, highlight ongoing tax breaks for large companies at the expense of local communities.
**Interviewer:** Sergio Pighiem has called the initiative unconstitutional, arguing it infringes on provincial and municipal autonomy. How significant is this claim?
**Dr. Martínez:** Pighiem’s concerns are quite significant as they reflect a broader anxiety about governance and the implications of RIGI for local autonomy. By giving provinces the power to customize incentives, there’s a fear it could lead to legal uncertainty and conflict over resource management. His argument centers on safeguarding local interests against potential overreach by the provincial government.
**Interviewer:** On the other hand, proponents argue that less regulation can lead to economic growth. Do you think this is a gamble worth taking?
**Dr. Martínez:** It certainly is a double-edged sword. While attracting large investments can stimulate economic growth and create jobs, the lack of regulation must be carefully managed. Countries with high levels of investment often balance growth with robust labor protections and regulations to safeguard workers’ rights and the environment. The success of Córdoba’s initiative will largely depend on how well it implements these incentives alongside accountability measures.
**Interviewer:** where do you see the future of investment policies like RIGI going in Córdoba and beyond?
**Dr. Martínez:** The future will likely involve a continued push and pull between investment incentives and regulatory controls. In a competitive global landscape, provinces will seek ways to attract investments while ensuring that such initiatives don’t compromise local welfare. It will be crucial for Córdoba to monitor its approach and be willing to make adjustments as necessary to address any negative outcomes of this policy.
**Interviewer:** Thank you, Dr. Martínez, for your insights on this complex issue.
**Dr. Martínez:** My pleasure! Thank you for having me.
