Specifically, the head of the Treasury outlined the intentions of the National Executive regarding these digital assets by stating that the members agree “on the importance of developing a framework for gathering information that guarantees full compliance with tax obligations.”
This news was received by the specialists in a negative way because they considered that more taxes could distance the different benefits that this technology brings and its necessary adaptation to the Argentine system, according to what it was able to collect. Scope.com.
Rudolph Andragnesco-founder and president of the NGO Bitcoin Argentina, argued that the creation of specific taxes is not a viable solution because “cryptocurrencies are probably part of the future and it is something to embrace and not to push away, something to add to and not drive people away.
From his point of view, he warned that the Government must first be able to “define what a cryptocurrency is” and, from that base, analyze “what taxes apply or not.”
“On the other hand, they have to understand the entire range of cryptocurrencies that there is because they can take a definition on the one hand and do not understand that there are some currencies that are more like a security,” Andragnes remarked, adding that probably what Economy began to analyze is “the tax on personal assets, which is not clear how it fits”.
However, he assessed that he would “understand” Guzmán if the idea is to “apply the taxes that are applied today to other areas, in which cryptos are exempt.”
the tributary Cesar Livin he marked his position by indicating that “there is no more tolerance for new taxes” and that “it is an impossible mission to finance 40% of GDP in public spending because there is no tax system that can bear so much weight.”
Asked about the possibility of applying taxes to exchanges, he stressed that “it would be one more patch” that would represent “another collection patch of the many that are made.”
“It is time to rethink the entire tax system to make it more efficient, increase employment and bring in investments. Creating more taxes leads us down the path of Argentina not being the option for investors,” he said.
“The reform of Law 27,430 of the year 2017, effective as of February 2018, established the taxability in the income tax in a habitual or unusual manner of any type of income obtained by digital currencies,” explained the specialist, therefore who assured, in a critical tone, that he did not understand “what other tax he wants to add to it”.
Along the same lines, it was stated Diego Fragapartner of Expansion Business Argentinaasserting that the minister “did not take into account that cryptocurrencies are already taxed” and opined that “the issue is in those that are not declared, those that are in wallets that cannot be detected or exchanges without a presence in Argentina.”
“The fact that they are regulated is not going to imply that those who have it undeclared begin to declare it. Those who are in black have no way of reaching them,” projection.
Source: Ambito
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