“Clearly this is going to come into force as of 2023, we are going to receive the information, but when we have that massive information, within the framework of that exchange, we are going to be able to apply the request for information based on the general agreement that does allow us to go until 2018“, when the bilateral agreement signed in 2016 began to be in force, he expressed in statements to CNN Radio.
The agreement by which Argentina became part of the 114 countries admitted to the Foreign Account Tax Compliance Act (FATCA)was the result of “a negotiation carried out by the AFIP (Federal Administration of Public Revenues) with (its owner, Carlos) Castagneto“, indicated Michel, who noted that he collaborated “as part of the organization.”
“Argentina has a very important network for the exchange of tax information, which contributes to the transparency of our country’s tax information,” added Michel, adding that currently the country “is obtaining information from 68 taxpayers” and that work is already being done to “request information within the framework of the second scheme”, since many Argentines, when they opened their account in the United States, opened two accounts: declared account A and undeclared mirror account B“said the official.
On the other hand, Michael He specified that “if money laundering is not approved in Congress, the current general tax norm will be applied with the fines, the interests that the current legislation provides and the application of the criminal tax law.”
Source: Ambito
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