US EditionAfter 12 Years of Validity, the Luxury Tax for Cars Falls: What Will Happen to the Prices of the 0 Km
5 Articles
5 Articles
The Senate is about to turn into law this Friday the labor reform promoted by Javier Milei’s government. The session was called for at 11 o’clock and will mark the third debate around the project, presented under the axis of “labour modernization.” The initiative had already obtained half a sanction in the upper House on 12 February, with 42 votes in favor and 30 against, and it is not expected that this scenario will be modified. The government…
If the Labor Reform is sanctioned in the Senate this Friday, it will lower the price of high-end cars between 15 and 25% a month after its promulgation. The impact could also be effective in a lower drop on the most expensive pick-up.
With the Senate's sanction to the Labor Reform is confirmed the exit of the "luxury tax" distortive that affected the veh asses. What will be the impact on the March price lists?
The fiscal chapter of the bill that the government seeks to approve in the Senate could bring down up to 25% the prices of high-end vehicles and reconfigure the market, today practically paralyzed. Although the original spirit of the initiative aims to modify the labor regime, the reform that the government of Javier Milei will try to sanction this Friday at the last extraordinary session... Source
High-end cars could drop by up to 25%. The impact would also reach SUVs and pick-ups.
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