Today in Diario Financiero newspaper, our partner Alex Fischer warns that the reconstruction bill ignores a key element to reactivate investment: reconfiguring the tax regime applicable to capital gains. Currently, “the only exception is the limited reduction (…) applicable to gains derived from the disposal of securities with stock market presence”, while the rest is taxed as ordinary income, contributing to a lock-in effect that “not only prevents the efficient reallocation of capital, but also reduces the effective realization of gains and, therefore, tax revenue”. To truly boost economic activity and investment, “let’s adopt the standard widely prevailing across the OECD”.

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