“It will be lethal for evaders”, pointed out a high-ranking source from the Ministry of Economy, specifying that with this agreement the AFIP will receive from the IRS all the detailed information of the final beneficiaries of the accounts in the United States.
I also clarify that “Those who have undeclared accounts abroad must pay earnings and personal assets for the entire time that said deposits were undeclared. The only open door to reduce the costs of externalizing these assets is the money laundering regime in force for construction.
At the time, the head of the economic portfolio pointed out that “The United States cannot be the watering hole for Argentines who evade.”
Tax specialists point out that an exchange regime with the US is currently in force, but that it requests information only for the cases of some taxpayers who are suspected of evasion, mainly of Earnings or Personal Assets. It is considered that they are very specific cases and that they should be subject to control.
On the other hand, if the regime were automatic, the exchange of information would be massive. In this regard, it is considered that an agreement between the AFIP and the IRS is important because it would expand the tax base by US$100,000 million, according to government estimates.
Official sources indicate that the technical work between both collection agencies is ready and that the initiative has the approval of the US authorities.
Roast
Among other topics discussed, the bilateral commercial and political relationship; regional agenda, the IDB candidate, also spoke on behalf of the North American legislators, indicating the support they will give Massa in his negotiations with the World Bank and the IMF.
The minister had a formal meeting with the legislative delegation around 8:00 p.m. at the Palacio de Hacienda and then offered a barbecue for the legislators and their partners in a barbecue area in Tigre. Later, he went to Congress to attend to the approval of the national budget.
Source: Ambito
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