Key for whitewash programme Friday, October 7, 2016 Tax info exchange with US moves forwardThe negotiation between Argentina and the US to facilitate tax-related information exchanges between both countries began yesterday, with representatives for the AFIP tax bureau and the Finance Ministry travelling to meet authorities in the world’s number one economic powerhouse. The news came a week after United States Treasury Secretary Jack Lew offered Washington’s additional support to President Mauricio Macri’s whitewash tax amnesty plan, announcing a fresh effort and new steps to improve the exchange of tax information between the nations during a brief stopover in Argentina. In May, the government declared its proposals to bring part of the billions worth of undeclared assets that Argentines hold abroad through a sweeping tax amnesty programme that officially opened in August. By the end of March next year, further declared assets will be taxed at a maximum 15 percent rate. The amnesty window is set to close on April 30, 2017.

Source: Bueno Aires Herald October 07, 2016 04:29 UTC