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Friday, February 3, 2023

Laundering Information Exchange with the US: What Together for Change Will Demand

The main opposition group in Congress will maintain its position of requesting additional benefits regarding money laundering due to the agreement with the US

By dolores olveira

13/12/2022 – 11,38 hours

Laundering Information Exchange With The Us: What Together For Change Will Demand

When the 2023 budget was voted on in Congress, money laundering was also approved for the construction of new and used construction projects for housing, but The opposition criticized this honesty in the Chamber of Deputies and requested additional benefits for compliant taxpayers.,

“The ruling party forces us to discuss projects that are not even presented for treatment in Congress,” a common hinge between the UCR and PRO to agree on economic matters, radical for simultaneous change Opposed Deputy Martin Tetaj.

What is JXC’s position on money laundering?

Tetaj put forward the position that Juntos por el Cambio would maintain in the Chamber of Deputies on interblock money laundering. shall be accompanied by the entry into force of the Agreement for the Exchange of Financial and Fiscal Information with the United States of America.

The radical deputy recalled that, During the 2023 budget and construction-to-laundering discussions, Together for Change demanded, as a condition for supporting this tax disclosure, that benefits for compliant taxpayers be included.s.

“Our position is Claim tax deductions for compliant taxpayers In due course and as to its tax obligations with the AFIP,” insisted Tetaj from the Evolution radical bloc owned by Martin Lusteau.

Martin Teutz Demands Tax Cut For Compliance

Martin Tetaj calls for tax cuts for compliant taxpayers

Even then, This situation is not peaceful and Tetaj will have to work to reach a consensus Together for change internally.

Voices That Reject Government Money Laundering

National deputy Lisandro Neiri, vice president of the finance commission and member of the UCR bloc, showed his disagreement with the new laundering declared by the government.

,If there are people who survived or survived, let them pay Fully pay all due taxes along with related penalty and interest,” he asserted.

,There is nothing better than respecting those who pay taxes on time and in a proper manner, that is if people are discovered who do not pay dues, they should be given all relevant updates, fines And will have to pay with sanctions.E”, Neary replied to the most smug views of the opposition.

Mendoza’s former finance minister commented: “I do not agree at all with a new laundering.”

There Is A Division In The Ucr Regarding The Approval Of Government Redress.

There is a division in the UCR regarding the approval of government redress.

“The Kirchnerismo is going for the sixth laundering and each time they collect less, It’s not about sustainable laundering, but about creating trust, which this government doesn’t have, and that’s why they keep depositing less and less in laundering,” he insisted.

How will information be exchanged with America?

Financial and financial information on Argentina in the United States will be provided by the Secretary of the Treasury to the AFIP, which is integrated Data provided by banks on accounts of residents in the country and the US collection agency IRS on income tax withholding,

The provisions of the Agreement differ for the two types of accounts:

  • deposit accountsSavings Banks, in particular, are those where cash is deposited and which pays interest.

Only humans will know about these accounts.,

  • custody accounts: those where title deeds are deposited and also have a cash account that transfers cash generating income from bonds, buying or selling titles, among others: that is, they are similar to principal accounts in Argentina . For example, this type of account should be opened if one wants to buy shares of Apple on Wall Street.

in this matter, The United States will notify custodial accounts owned by Argentine residents, individuals or companies, even if they are North American, when the ultimate beneficiary of Argentina has been discovered. This occurs when a withholding agent collects income tax from the IRS with a W8 form, according to a memo from the Ministry of Economy.

In other words, Argentines who are hiding under the guise of a US company, such as an LLC or Corp., They will know if they have passive income from US sourcePointed to that memo.

World Nation News Desk
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