“Your dollars, your decision”, with this slogan government Javier Miley began “Historical Repair Plan for Savings of Argentines”. The ultra -right president promotes that those Argentines who have dollars “under the mattress” are included in the financial system without justifying the origin of funds. Expert votes note that the door opens to evade taxes and money laundering.
From July 1, you can perform monthly banking transfers up to 43,000 US dollars (50 million pesos) and set a fixed time of up to 85,000 US dollars without justification of its origin, that is, outside the radar of the customs fee and control agency (ARCA). “The premise will be that you are for you, and you can spend it and use it the way you want,” said President Manuel Adornie, accompanying the Minister of Economy Luis Kaputo in the presentation of the plan. According to the government, families are kept “under the mattress” or outside the financial system, $ 270,000 million.
This measure, declared in accordance with the presidential decree, is accepted only a few months after the successful laundering, which reached $ 20,000 million, but this has already evaporated from the reserves of the Central Bank. In addition, after receiving 20,000 million new debts with the International Monetary Fund (IMF). This shows that the government needs more American currencies to maintain macroeconomic stability and arrival without shocks to the October Legislative elections.
“This is laundering”
Ricardo Aronskind, economist and economic researcher indicates Eldiario.es that he will change the phrase “your dollars, your decision” for “treasury dollars, your decision”. “This is a laundering of money. You can appear in the bank and add up to 50 million pesos per month, not to say where he pulled them out. If you have a continuous promotion, you can make every month to this figure. The idea is that the middle class of medium-sized medium-sized class sector: for example, someone who sold drugs and now wants to quietly buy a car. ”
Minister Caputo said that “this is not a laundering of money”, but “a change in the regime”, which seeks to give “freedom” to the Argentines in order to solve their savings. Nevertheless, the government intends to lead to expectations of capital income, which are not necessarily guaranteed. His plan is to dismantle tax control for shops, agencies and natural persons so that they can attract dollars and peso from the mattress and have a financial system. Next week, the executive director will send the bill to Congress, as the head of the cabinet Guillermo Franco expected.
Pablo Tigani, Director of the Esperans Foundation and professor at the University of Buenos -Aires, states that this measure is the possibility of bleaching dollars without justification of origin and without legal support than a decree on necessity and urgency (DNU). “Casa Rosada hides the true content, which is an amnesty for those who did not pay taxes, without any difference between tax evasion, illegal enrichment or even money laundering. There is no authorized legislation that supports this measure. ”
In accordance with the economic team, the Customs Collection and Control Agency is moving with the plan of the plan and calls for the governors to adhere to it, warning that otherwise they will cease to have access to financial information collected throughout the country.
The province of Buenos -Aires opens against
From the province of Buenos -Aires, controlled by the peronist Axel Kicillof, they already warned that in this extent there was not enough legal certainty if the congress is not authorized by norms. Therefore, in the province they will continue with tax control.
Before the consultation on whether Argentina is on the way to the formation of a banana republic, Aronskind is in the affirmative. “From an international point of view, this is catastrophic, there are rules that were fundamentally determined by the United States and approved by the European Union to block illegal money.
For Tigani, the possibility of whitening the capitals without determining its origin is a financial and political bomb. “Unlimited discovery may have serious consequences. First of all, it risks relations with international organizations that require minimal standards Agreement (Compliance with regulatory requirements) and financial tracking. Secondly, he prevents the income of official investments, given that serious investors do not bring their capital to the country that institutionalizes money laundering. ”
From the IMF, the Minister of Communications, Julia Kozak, recalled that the government of Mailei committed during the negotiations of Megaprem “to strengthen financial transparency and respect the standards of anti -lavado.” In other words, the International Credit Agency will monitor what is happening in Argentina, in addition to the unlimited support of Donald Trump to his main ideological partner of South America.
The dough is also the need to accumulate reservation. Since the IMF provided the first 12,000 million out of the total amount of $ 20,000 million, the government lost a reservation by almost 1000 million. Before the first payment of the fund in the Central Bank, there were 2,221 million dollars, which within 34,400 million reached 34,400 million after sending funds. A few days later, 39,000 million were exceeded from the contribution of multilateral organisms. From there they fell to 38,000 million. Miles and Kaputo promised that in May reserves would exceed 50,000 million.
To this is added that the plan of Miley with the savings of the Argentines has nothing to do with productive investments, Aronskind explains. “The regime indicates that the middle class will speak for the purchase of high -class cars and houses. The government wants to increase the reserves of the Central Bank, but it encourages people to buy a high -class car, which is imported by almost 100%. This regime does not invite productive investments and indicates expenses and vice versa and quintile of the population of Argentina. ”