Knowledge economy: keys to the law promoted by the Government

Damien Kantor

09/24/2020 - 6:01

• Clarín.com

• Economy

With a 3-month delay, the Senate is preparing to deal with the

next week

, a project that has already been approved by the Deputies by a very large majority.

The antecedent was the opinion approved yesterday in committee, which contemplates modifications with respect to the half-sanction of the lower house and which

 to large technology companies, including

.

"It is not desirable, but the best thing is to have a law approved

that eliminates uncertainty,"

Luis Galeazzi, director of Argencon, the chamber of a sector that

, told

.

The intention of the ruling party is to quickly approve the project to send it back to Deputies for

approval

.

The main modification of the dispatch on commission is that it reduces the discounts on Income tax gradually

: for SMEs it remains 60%, for medium-sized companies it will be 40% and for large companies it was reduced to 20%.

What was kept from the original project is the 70% reduction in employer contributions.

If it goes as planned, the promotional regime would be implemented

, once the enforcement authority, the Ministry of Productive Development led by Matías Kulfas, regulates it.

From the Government they warned that its drafting is very advanced, but there are doubts if they contemplate the changes that the Senate introduced.

A primary aspect of the regulation is

in which interested parties must register to access the benefits.

The current Knowledge Law replaces the previous Law 27,506,

by the Government in January 20 days after its entry into force.

The brake on profits complicated the operation of an industry that has

(according to Indec data) and that groups together areas such as software, professional services, biotechnology, consulting, engineering and audiovisual content.

The distinction between small and large companies was one of the requirements established by Kirchnerism to approve the project.

The data contrasts with the DNA of an industry in which

multinational companies and technology startups

,

.

It is common for highly specialized ventures to emerge with few employees, which become part of large international projects.

There is another striking aspect: the fiscal cost of the promotion (what the State fails to collect) is not too high: they estimate that it will be around $ 18,000 million annually, that is,

.

The truth is that finally the Government reactivated the initiative, boxed in from the half-sanction in the Deputies, where it

.

In recent weeks, it was Kulfas himself who negotiated with all the parliamentary blocs to reach a consensus.

If approved in the Senate as expected, the bill will return to the chamber chaired by Sergio Massa.

The new impulses coincide with

Even Mercado Libre, the company founded by Marcos Galperin, the businessman who publicly expressed his support for Mauricio Macri.

"

" they tried to reassure from the Casa Rosada.

Business sources emphasize that the priority today is to apply the law as soon as possible, whose effects will be retroactive to January 1 of this year and will last until 2029.

The project had a bumpy journey, which began in May 2019. Macrismo promoted Law 27,506 (to continue the benefits of the Software Law), which was unanimously sanctioned and regulated through Decree 708/2019.

It entered into force on January 1 and a few days later, another resolution, 30/2020, stopped it under the pretext of bureaucratic incompatibilities.

Sanctioned, suspended and reformulated, the Law of Knowledge advanced a few steps.