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  • Following Milay’s criticism, Álvarez Agiz defended the cash tax proposal and responded to the president.
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Following Milay’s criticism, Álvarez Agiz defended the cash tax proposal and responded to the president.

deercreekfoundation November 10, 2025
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Emmanuel Alvarez AguisFormer deputy economy minister Cristina Kirchner defended her proposal to tax cash withdrawals, despite criticism from Javier Millay, who described the idea as “complete nonsense”. Aksel Kisilov’s former number two hit back. “The idea that taxes are theft is an idea supported by the only president on earth, and it’s ours,” he replied to the liberal.

“Argentina has a big problem with informality. What it does is that those of us who have informality pay the taxes of those who have informality,” the economist explained. Speaking about the check tax, he asserted that it is a tax that affects “public institutions and people who have bank accounts,” and that eliminating it would create a budget deficit.

In that sense, he asserted that his project is about the following: “Three legs.” In addition to the cash tax, this means eliminating the check tax and reducing taxes for small businesses. For this reason, he stressed that his proposal “does not imply a tax increase.”

Álvarez Aguis claimed that his cash tax proposal was meant to “make up for” this budget deficit. “If you tax cash, consumers say, ‘I’m going to pay electronically.’ Force formalization on kiosks” he added.

“That taxes are theft is an idea supported by only one president on the planet, our president,” the former official also questioned, referring to criticisms previously voiced by Javier Millay through his X account.

Meanwhile, Álvarez Aguis, who served as deputy economy minister from 2013 to 2015, claimed that “it has been quite a long time” since he felt identified with “the role that Kirchnerism has played in the public sphere.”

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