The government of Javier Milei in Argentina will promote tax and labor reform, according to Economy Minister Luis Caputo during his participation in the Idea Colloquium.

Regarding labor reform, the official indicated that the changes are fundamental to ridding the country of an archaic, rigid system where the working class is the most affected and where employment does not grow. Consequently, a labor system is needed that is “more agile, more dynamic, and that puts an end to the lawsuit industry, which favors a small handful against all Argentines.”

Regarding tax reform, Caputo emphasized that it will focus on “eliminating many taxes, lowering others, and simplifying the tax regime.” He also mentioned that “there will be significant incentives to develop domestic savings.”

The minister addressed key issues such as the capital market, long-term domestic savings, the fiscal deficit, and private sector investment, all while considering a new development model.

Caputo urged business leaders and executives to embrace the change: “At this point, I find it almost archaic for people to believe that the only way Argentina can be competitive is by having a weak currency. A weak currency is nothing more than a reflection of a weak economy. It also seems to me that it’s an understatement to you, to the business community, to tell you that the only way you can be competitive is by having a depreciated currency.”

M.Pino

Source: lacapital

(Reference image source: Ivan Henao on Unsplash)

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La entrada Argentine government to apply a labor and tax reform apareció primero en Bitfinance.

Starting in 2023, Rio de Janeiro was selected as the new venue for the Web Summit, the largest technology event in the world, according to information provided by the event organizers and the city council.

The mayor’s office of the town announced through a statement that the metropolis was chosen to hold “the first edition of the event in South America”, which will take place from May 1 to 4, 2023.

The Web Summit is an annual technology conference that was founded in 2009 by Paddy Cosgrave, David Kelly and Daire Hickey and has been held in Lisbon since 2016.

The conference brings together different business leaders and large technology companies from around the world, and its purpose is to boost “the local economy and the technology ecosystem“.

Rio de Janeiro hosts international events

Eduardo Paes, Mayor of Rio de Janeiro, highlighted that “the city is returning to the front row of the world stage. Rio already has a tradition of hosting major international events, and we are very proud to have been chosen as the first city in Latin America to host an event of this magnitude.”

The 2023 Web Summit is expected to receive more than 10,000 participants from around the world, who will be received in a protected space of approximately 87,000 square meters.

Brazil has approximately 21 companies valued in the market at more than 1,000 million dollars, it is also the only Latin American country that is part of the list of the top 10 global markets of “unicorns”.

M. Rodríguez

Source: versionfinal.com.ve

La entrada Rio de Janeiro will be the new venue for the Web Summit apareció primero en Bitfinance.