They are looking for another money laundering in construction to get US $ 4,500 million and expand the collection

The Government will on Thursday ask Deputies to approve the extension of the law to encourage private construction, a project sponsored by the ruling party and the opposition for savers to invest undeclared dollars in housing activities in the pit.

The goal is to turn white up to $ 4.5 billion within one year in lieu of tax benefits.

“The issue of construction, despite the fact that many do not give importance, could represent an additional private investment of between 4,000 and 4,500 million dollars. It is very important that it be approved, “he said. Serge Massathe president of the lower house and one of the proponents of the initiative along with PRO block leader Cristian Ritondo.

The money laundering extension will be dealt with on the spot this Thursday after the acquisition favorable opinion on Tuesday to the Legislation Committee. And then it should be discussed in the Senate.

That way, an attempt will be made to revive the regime implemented last year until July 9 and that did not achieve the expected result.

“The previous time it lasted a very short time because it was regulated late and the deadlines are almost over, very few people joined, the idea is to extend it again by 360 days“said the president of the Chamber of Construction (Camarco), Gustavo Weiss.

And he added: “Let’s hope they approve it, we have the expectation that if the extension comes out, more people will join.”

The proposal provides three stages to enter: if it enters the first three months from the validity of the standard, the laundered capital will pay an amount of 5%; over the next three months, the rate rose to 10%; and over the next six months, 20%.

Thus, the total term is one year, broader than the 2021 scheme, which is valid at the time less than three months.

At the time, money laundering had only externalized approximately US $ 200 million.a number less than the US $ 5,000 million proposed by project proponents.

The main flaw is the delays in its regulation, since the law was enacted in March and regulated only at the end of April, very close to the deadline for admission.

For money laundering, the dollars must be deposited in a special account with the Central Bank. From there you can invest in dollars -in that case, the developer pays as profits the difference between the official dollar and the parallel one- or convert them into pesos through a brokerage company in the amount of financial dollars ($ 204.89) and the tax is paid in official dollars ($ 121.25).

The government promises two. On the one hand, the declaration of assets will allow for increased collection, because they have to pay tax before AFIP. For others, strengthen the labor-intensive sector. In January, according to INDEC, 403,924 jobs were created in construction, 20.1% more than last year.

In this sense, the project also seeks to build a “bridge to work” so that, within a year, holders of social programs contracted to projects under the construction incentive regime can retain the benefit. Something that is not easy because companies recognize that applicants get more revenue with their changes.

NE