Argentine entrepreneurs demand more access to financing and tax progressivity

During the prior to the National Legislative Elections, and within the framework of the “Your Entrepreneurial Voice in Congress”, the Association of Entrepreneurs of Argentina (ASEA) conducted a survey to know what are the main problems, challenges and needs of the entrepreneurs.This study allowed to establish priorities when accompanying them and the strategic design of public policies to lead to Congress and help give solutions to their problems.

Main problems of undertaking in Argentina

Regarding the context in which entrepreneurs travel, the tax burden with 56% is positioned as one of the two main problems to undertake, followed by inflation by 42% and the change of rules with 24%.These results show the two main problems that entrepreneurs are going through and the opportunities for improvement at the time of public policy design that help make it easier to undertake in Argentina.

"Despite how challenging these two years of pandemic where many entrepreneurs were forced to close their businesses or survive hard, others had to reinvent themselves and some others could enhance their busines.Entrepreneurs are optimistic and with a view to continuing to bet on growth.However, they demand measures regarding a differential treatment and on a simplification agenda that encourages formalization and promotion of new businesses.

In turn, access to financing remains a difficulty in entrepreneurs who often do not have credit history since their business just begins.This type of measures is fundamental in view of enhancing reactivation in a nearby post-pandemic scenario, ”says Bernardo Brugnoli, executive director of ASEA.

Los emprendedores argentinos exigen más acceso al financiamiento y progresividad tributaria

Priority legislation for Argentine entrepreneurs

As for the future of laws that give concrete responses to the problems of Argentine entrepreneurs, 39% chose access to financing and 37% a differentiated tax treatment as one of the two main priority laws.The biggest focus is on how to differentiate the tax treatment in someone who is starting their business and bringing chord financing tools.Third, with 29%, there is the simplification of procedures.The administrative bureaucracy becomes a very large obstacle for entrepreneurs to carry out their businesses more easily.Fourth and fifth, the need for programs to strengthen entrepreneurs (18%) and facilities to hire staff (18%) appears..

If we enter the tax measures to the entrepreneur.Secondly, the Value Added Tax is located, with 34% and thirdly, the Income Tax with 29%.

The data arise from the survey with a sample of 353 registered responses from Argentine entrepreneurs between November 1 and 15, 2021 whose origin is CABA (31.2%), Buenos Aires (29.7%), Santa Fe (6.8%), Mendoza (4.8%), Córdoba (4.53%), among other provinces.