Tuesday, September 27, 2016 US gives backing to tax amnesty planTreasury chief praises Macri, Prat-Gay; agrees to exchange information on Argentine citizensUnited States Treasury Secretary Jack Lew offered Washington’s additional support to President Mauricio Macri’s whitewash tax amnesty plan yesterday, announcing a fresh effort and new steps to improve the exchange of tax information between the nations during a stopover in Argentina. Lew said Argentine officials would be invited to Washington at his request soon, in order to speed the process. The Macri administration is betting a tax amnesty can bring in some of the investment crucial to restoring stuttering growth in the economy. Amnesty plansIn May, the government declared its proposals to bring in an estimated US$400 billion of undeclared assets that Argentines hold abroad through a sweeping tax amnesty programme that officially opened in August. Showers gov’t with praiseWhile Lew met with Macri briefly, his most substantial meeting was with his local counterpart, Prat-Gay, with the tax amnesty reportedly very much at the forefront of the agenda.

Source: Bueno Aires Herald September 27, 2016 02:48 UTC