Overview

• Economy Minister Luis Caputo told the IDEA business forum by video from Washington that the next phase centers on labor and tax changes to boost hiring and investment.
• He said labor rules would be modernized to allow more agile hiring and curb what officials call the "industry of labor lawsuits," arguing employment has been stagnant since 2011.
• Tax changes will target the elimination of multiple levies and simplification of the code, with incentives for domestic savings; officials previously cited 20 taxes already marked for removal.
• Government spokesperson Manuel Adorni also flagged greater contractual freedom, including the option for wages and contracts to be denominated in a chosen currency such as U.S. dollars.
• Caputo rejected devaluation as a competitiveness tool and reiterated the administration’s claim of fiscal balance and easing inflation, while pointing to stated U.S. support near $40 billion and recent investment announcements totaling about $55 billion.