The Minister of Economy, Sergio Massa, signed on Monday the tax information exchange agreement The United States and the national government will send a money laundering bill to Congress, aiming to get it passed by the end of this year.
“This is an agreement of mutual trust and cooperation. It is a huge gesture of trust from the United States,” the official said in a statement to the Kirchner Cultural Center (CCK).
Massa also argued that the government does not want “Argentines to use the US financial system to use it as a tax haven to evade their obligations to the Argentine treasury.”
The official said this is a “massive deal” and will be reached by those who signed their alien declaration when depositing their money into a US account.
“When we elevate the fiscal system to the guiding principle of economic policy, we elevate it to the care of public finances,” Massa underlined.
New in development
Source: Clarin
Charles Arterburn is a seasoned business journalist for News Rebeat, where he provides comprehensive coverage of the latest trends and developments in the world of finance and economics.