What will the Government do with the thousands of Argentines who laundered dollars?

The Argentine president Javier Milei has confirmed through his social networks that the Government is working to destroy the databases of the 280,000 Argentines who participated in money laundering, externalizing assets for a total of 18,000 million dollars.

This measure of Government Its main objective is to protect these taxpayers from the imposition of future taxes, ensuring that information about their regularized assets cannot be used against them in the future.

Money laundering is a mechanism that allows taxpayers to declare property and assets not previously registered, regularizing their tax situation in exchange for certain benefits, such as exemption from sanctions and the possibility of repatriating funds.

In Argentina, this type of program has been implemented on several occasions, with the aim of increasing tax collection and promoting financial transparency. The latest money laundering, which ended recently, was considered a “resounding success” by the Government, with more than $18 billion in assets regularized.

What will the Government do with the thousands of Argentines who laundered dollars?

This figure includes both cash and real estate and other assets, which are now part of the formal financial system. The decision to destroy the databases of taxpayers who participated in the laundering was announced by Milei in response to a publication on the social network X (formerly known as Twitter).

In his message, the president stated: “We are working hard on it to achieve it.” This statement was in response to a journalist who suggested that the Government was considering deleting the tax records to avoid future taxes on the regularized assets.

What will the Government do with the thousands of Argentines who laundered dollars?

Measures

The objective of Government With this measure it is clear: protect taxpayers who trusted the laundering program and prevent future governments from using this information to impose new taxes or sanctions. The destruction of databases seeks to guarantee that the sensitive data of these taxpayers is not accessible to third parties, thus preserving the confidentiality and security of tax information.

The proposal to destroy the databases has generated various reactions among experts and analysts. Some consider this measure necessary to fulfill the promises made to taxpayers during the laundering process, ensuring that they will not face adverse tax consequences in the future. However, others argue that destroying records could complicate fiscal oversight and control, making it difficult to detect potential irregularities.

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