Government’s announcement on a new tax regime to encourage the entry of calls “Mattress dollars” The formal circuit generated a strong response from the Collection Agency of the Province of Buenos Aires (ARBA). Its executive director, Cristian Girardhe described the initiative as an “undercover laundering” and assured that the province will continue to supervise taxpayers.
“It is presented as a repair for savers, but in reality it is a mechanism for legalization of unpatored funds flows. It does not point to accumulated savings, but to allow funds not declared not declared waiting for a new money laundering. The tax regulations and prevention of the washing remains intact,” Girard explained in statements to the press.
The measures are part of the Historical repair plan for Argentines’ savingspresented by the government last Thursday. They include the elimination of certain information regimes, the threshold rise in others, and a bill that the Executive will send to the Congress to “protect the savers” from future efforts. As explained by the Minister of Economy, Luis Caputotaxpayers will be able to make expenses for up to $ 50 million per month (around US $ 40,000) without being reported to the national treasury.
Arba: “We continue to control”
From Arba they clarified that National measures do not affect provincial tax regulations nor the obligations of Buenos Aires taxpayers. In addition, they highlighted that Information regimes remain in force and that the inspection strategy will not undergo substantial changes.
“There are no concrete modifications in regulatory terms. The disseminated measures lack legal certainty and seem more an electoral promise than an effective tax policy. It is a drowned with a drowns to try to accumulate reserves within the framework of the liquidation of the thick harvest,” Girard added.
The official also warned that, If a person adheres to the new regime and then verifies that he used funds of illicit origin, the sanctions provided for in current regulations will be applied. “This is not an amnesty or a new fiscal order. The only thing that changes is that Arca stops controlling, which is a high -risk political decision,” he said.
As for the patrimonial impact, from Arba they explained that There may be indirect effects on taxes such as real estate, car or sports vesselsin the event that goods are declared previously registered.
The control continues
Finally, Girard ratified that Arba will continue to guarantee tax compliance with the tools provided by law. “Our task is to ensure that those who have greater economic capacity to pay what corresponds. That is the only way to build a fair system and raise equity to sustain public policies that benefit the whole society,” he concluded.
The controversy for the new tax regime continues to add chapters, while the National Government seeks Risks of a whitish without clear controls.
Source: Ambito
