Money laundering: if there is no extension, everyone loses

Money laundering: if there is no extension, everyone loses

The most important decision, which is to have sanctioned extraordinary regulations, has already been taken. The possibility of regularizing assets or overdue obligations has its legal regulations.

But our legislators’ lack of foresight, despite so much discussion that it delayed the bills’ becoming laws for too long, did not realize that the stipulated deadlines were shortened in time as much as the sanction was delayed. They must have lacked advice.

To this lack of foresight must be added the time taken to regulate and dictate the operating rules, as well as the battery of interpretative opinions that are necessary. And so it comes to the point that four business days before the expiration (first stage) of the regularization regime, regulations such as General Resolution 5,573 are still being issued.

All this in the midst of ordinary deadlines, such as the Value Added Tax and Gross Income Tax Multilateral Agreement.

It is assumed that both the money laundering and the moratorium are measures that, along with the structural changes proposed by the government, constitute a new starting point for revitalizing the economy.

This being the objective, limiting the deadlines or not making them more flexible in order to expand the possibilities of adhesion will result in both parties in the tax relationship losing: the tax authorities because they can increase not only their collection but also their future possibilities and the taxpayers either because they did not arrive on time due to the short deadlines or were waiting for clarifications or regulations or interpretations that, issued at the edge of a deadline, conspire against the best reception.

So easing the situation, on the contrary, would open up the opportunity for everyone to win, particularly looking to the future.

Presentations of professionals

Dr. (CP) Gabriela Russo, president of the Professional Council of Economic Sciences of CABA (CPCECABA), recalled that within the request for an extension submitted to the authorities explaining the operational inconveniences, the entity suggested sending a bill reformulating the deadlines.

For her part, Dr. (CP) Gabriela Farizano, president of the Argentine Federation of Graduates in Economic Sciences (FAGCE), said that the entity sent a note requesting the rescheduling of all ordinary and extraordinary due dates.

At the recent 22nd National Conference organized by the Federation, Dr. (CP) Claudia Balestrini, Undersecretary of Public Revenue, was a speaker. When asked about the fate of the aforementioned petition, she replied that her department had created a file that was submitted to higher authorities.

There are steps in progress, but a political decision is needed to ensure that everyone wins.

Source: Ambito

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