Friday, April 8, 2011

Excercise Inquiry Letter

Artusi MP proposes to endorse the refund of VAT to the beneficiaries of the Universal for Child

provincial deputy Jose Antonio Artusi (UCR) reported that a draft resolution submitted by the proponent seeking approval of a national law which provides for the reimbursement of value added tax (VAT) to recipients of the Universal and Son.
Artusi said that recently a group of national representatives of various blocks presented a bill to that effect, and said that "a measure like that would endorse the virtue of enhancing the redistributive effect of the universal child allowance, whose purchasing power is eroded today by the impact of inflation, which especially affects the most disadvantaged sectors of the population. Among other things, national MPs say authors of the initiative in its reasons that "this project aims to start disminuir la carga tributaria en los sectores más vulnerables de nuestra sociedad impulsando en simultáneo una mayor formalización y bancarización de la actividad económica. Es así que proponemos eliminar el impacto del Impuesto al Valor Agregado sobre los beneficiarios de la Asignación Universal por Hijo mediante la devolución del 100% del impuesto incluido las operaciones de adquisición de bienes y/o contratación de obras y/o servicios, cancelada mediante la utilización de la tarjeta de débito asociada a dicho beneficio. En base a todo lo planteado anteriormente, podemos afirmar que esta ley tendrá múltiples impactos. Los beneficiarios de la Asignación Universal por Hijo verán incrementadas sus prestaciones by the total value added tax included in purchases, increasing the power margin, generating thus a greater demand for goods and services and thereby boost the country's economic activity. The increase in banking will lead to reduce the volume of unregistered economy and informal work associated with it. In economic terms, this combination of effects will offset the decline in tax revenues that enter the national treasury for reimbursement of Value Added Tax. On the other hand, in social terms, the lowest tax burden on poor households contribute to a more equitable distribution in our system tax, generating greater social cohesion as well as a basic element of a just and integrated ".-

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