Wednesday, March 9, 2016
Government mulls capital whitewash plan
As the clock ticks for the government to get the holdouts bill approved by the Lower House and finally enact the agreement with the so called “vulture” funds opening the door to debt issuance, sources reported Mauricio Macri’s administration is mulling a capital whitewashing plan to allow the return of dollars Argentines save abroad.
Speaking at a tax seminar held at the Professional Council of Economic Sciences, the head of AFIP tax agency Alberto Abad referred to the strategy of the fiscal administration.
Asked about a possible amnesty for taxpayers to regularize their situation regarding the exchange of international fiscal information, Abad didn’t rule out a possible capital whitewashing "to balance the table for all traders.” “However, it will have a price,” he concluded.