Nicolás Pino: "Retentions Must Be Zero"

CNN Radio Argentina Nicolás Pino, president of the Argentine Rural Society, spoke on CNN Radio this Friday with Pepe Gil Vidal and Mariana Arias and said that “the retentions must be zero.” “I hope it is as soon as possible to reach the destination of having the retentions at zero. There is no worse tax than an export right. I hope that Milei’s decision and the government will be to make that decision as soon as possible,” said the head of the S…

Buenos Aires, May 22, 2025 – Total News Agency-TNA- After the Minister of Economy, Luis Caputo, asked for “patience” from the agricultural sector regarding the reduction of export rights, the main entities of the field redoubled their demand and demanded that the elimination of the retentions be realized in the short term. “The field needs zero retentions. There is no worse tax than an export right,” said Nicolás Pino, president of the Argentine…

The president of the Rural Society claimed for the total removal of tariffs and pointed against the export duties that the meat has. "Why not think about removing it again when we have a favorable perspective in the world of cows", he asked.

Nicolás Pino, president of the entity, urged Javier Milei to make the decision to completely reduce the tax "as soon as possible", although he welcomed the economic measures announced last Thursday.

The Minister of Economy said that for now he cannot reduce those aliquots or maintain the temporary reduction, which expires at the end of June. Nicolás Pino, president of the Rural Society, proposed that there should be an early elimination.

Despite Luis Caputo’s request for “patience” from the agricultural sector, Nicolás Pino, president of the Rural Society, again appealed to the government this Saturday for the elimination of withholding taxes and urged that the decision be taken as quickly as possible. “I hope it is as soon as possible to reach the destination of zero withholding taxes. There is no worse tax than an export right. Hopefully Javier Milei’s decision and the governm…