Antonio Aracre

Antonio Aracre, Alberto Fernández’s chief adviser, resigned

He confirmed it on his social networks. He argued that it was “as a result of the rumors that circulated since last night and for the purpose of deactivating any operation tending to unsettle the markets.” Syngenta’s ex CEO had taken over in early January.

In the midst of the exchange tension, the chief of advisers to Alberto Fernández, Antonio Aracre, resigned from the Government. “Following the rumors that circulated since last night and for the purpose of deactivating any operation tending to disturb the markets, I have presented to the President my irrevocable resignation as Chief Advisor immediately,” he wrote on his social networks.

The announcement happened three months after his arrival in the Government on a day marked by exchange tension and in the midst of rumors that Aracre could replace the Minister of Economy, Sergio Massa.

The short passage of Antonio Aracre by the Government

In his short stint in government, Aracre had few participations. One of the most striking occurred when he spoke of the need to implement a tax reform to deal with high public spending. The now-former chief of advisers to the President asked to move forward to develop a “more fair and progressive” system.

“We cannot continue punishing the most vulnerable sectors. The taxes that are there must be collected better and more progressively. It cannot be that VAT is paid in the same proportion by us and someone who has a job,” Aracre said during an interview with FutuRock.

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“It is vital to think about a reform that makes the tax structure more sustainable,” he added, explaining that ” the flow of the thousand largest companies does not have a significant enough tax burden, there are many avoidance mechanisms and you have to simplify to make the collection more efficient”.

At that time, Aracre made reference to inflation in the country. “There are structural and conjunctural reasons around inflation. The first quarter is always a complicated period, ”he argued.

“We have to exercise all the influence we can so that wages do not lose to inflation” and he was in favor of adjusting the controls for compliance with the Fair Prices program: “Prices cannot be allowed to run freely in the market without controlling the agreements”, he said at the time.

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