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Friday, January 27, 2023

Evasion in the United States: they want to channel millionaire wealth through new money laundering

agreement with the United States

The economic team is confident that between November and December an information exchange agreement will be signed between AFIP and the US organization IRS, which refers to the Internal Revenue Service. “He’s on his way out. The power is already made, Sergio Massa has it to sign”A source close to the Minister of Economy told.

Thus, with its implementation, the first information will come in September 2023, which will correspond to the 2022 data. To explain how the agreement would work, official sources explained: “We are going to have a pipe through which all information will circulate. Argentina has what’s there and what’s here, we’re not the only ones who survive.” The difference from the current system is that today it is “end to end”, ie AFIP can make a specific request to an individual.

The government estimates they have at least US$100,000 million in Argentine accounts abroad, both in the banking system and in financial investments. They expect to be able to reach at least US$5 billion in 2023, including compensation and penal interest. However, as it is also expected that there will be litigation on the part of taxpayers, or delay on the part of AFIP when it comes to collecting and reporting information, In the economic team, it is expected that money will flow through laundering which is effective.

3 possible laundering

An official source said, “There are many people who are very concerned.” As Ambito was able to ascertain, it is not expected that there will be any mechanism for externalization of assets until the agreement comes into force. The 2023 budget approved by Congress means that launderers will be able to buy used properties without term limits. However, there is still precedent for promotion of the executive and it has to be uploaded in the official gazette along with the rules.

Another laundering that the budget makes possible is the externalization of funds to pay for imports, whether goods or services, whose destination is production processes. Thus, they will have a smoother path when requesting authorizations in the new SIRA system.

However, Ámbito asked why the “fear” of taxpayers was not having an effect on the laundering that already exists, which is for construction projects. The first phase, with the lowest rate of 5%, expires, and partial data indicates that some $17,000 million was filed, for which taxpayers paid about $900 million. An official source replied: “Taxpayers are in mode wait and see, From the banks they tell them that the settlement is not going to happen. Until they see it, they won’t wash it.”

In a conversation with this newspaper, Mauro Mazza of Bull Market Brokers Research said that in fact “there are many scared people.” However, he was not very optimistic that the money is channeled through real estate laundering: “Many people were involved in the laundering of the previous government, but the contracts were broken and there was no apology, because from 2021 they started falling from AFIP, so now nobody wants to.”

According to various accounting studies, which were not to be mentioned, the maneuvers of people holding money abroad these days are to create companies, hold a blind trust, or move the money into virtual wallets, and thus withdraw them from their bank accounts. Have to take Personal, which are those that are part of the agreement. AFIP sources, however, assured that it is not that easy to carry out these maneuvers and neither do they arrive in time before January 1st.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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