The Argentinian Senate has approved a new bill that would allow the government to tax assets held by citizens in foreign countries.
Argentinian Senate Passes Bill That Would Tax Assets Held in Foreign Countries, Including Crypto
The Argentinian Senate has approved a bill that would allow the government to tax non-declared assets held in foreign countries by citizens of the country. This includes stocks, properties, bonds, and even cryptocurrencies. The purpose of the legistlation would be to collect more funds to pay the $45 billion debt that Argentina has with the International Monetary Fund .a new bill that would allow the government to tax assets held by citizens in foreign countries.
The policy establishes these funds collected will be directly managed by the Economy Ministry. Depending on the time period and the goods owned, if approved, Argentinian citizens will have to pay up to 50% on these assets. The fund, which will be denominated in dollars, will be active until Argentina pays its debt to the International Monetary Fund , of about $45 billion.
The bill will have to be approved now by the Chamber of Deputies, where it has less of a chance of being passed, according to local media.The reaction in the country has been mostly negative, with many people criticizing many of the aspects proposed by the legislation. The project mentions cryptocurrency assets as part of its scope, and this is worrying people in the sector. Kim Grauer, Research’s director, thinks there is a good reason for this.
The country has an overall cryptocurrency market valued at nearly $70 billion, well above Venezuela’s $28.3 billion, only second to Brazil in the region.to the IMF loan. Other criticisms of the project have to do with the establishment of foreign banks as retention agents for this money, and how the government will use international treaties to acquire information about crypto holders.There is an extensive list of countries reporting accounts of Argentinians abroad, known as ‘cooperators’.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bill Allowing Teens to Get Vaccinated Without Parental Consent Passes SenateThe bill, authored by San Francisco's Sen. Scott Wiener, would allow people 12 years of age and older to get vaccinated without a parent's consent. This includes all vaccines approved by the U.S. Food and Drug Administration.
Les mer »
Bill allowing preteen vaccines without parental consent passes California SenateA bill that would allow children age 12 and up to be vaccinated without their parents' consent, including against the coronavirus, passed in the California Senate Thursday.
Les mer »
Alaska Senate passes tribal recognition billIn a statement that accompanied the measure, the bill’s sponsor, Rep. Tiffany Zulkosky, said it “serves as a first step, formalizing in statute that the State of Alaska will no longer deny Tribes’ existence.”
Les mer »
U.S. Senate Stops Bill Protecting Abortion Rights - Alabama NewsThe U.S. Senate has fallen short in a vote toward putting Roe v. Wade abortion access into federal law.
Les mer »
Garcetti knew of aide's alleged misconduct, Senate report revealsLos Angeles Mayor Eric Garcetti, a nominee for U.S. ambassador to India, 'likely knew or should have known' about sexual harassment and racist comments from former adviser Rick Jacobs, a Senate investigation has found.
Les mer »
Pennsylvania US Senate candidate Dave McCormick calls on US to lead on energy and ChinaPennsylvania U.S. Senate candidate Dave McCormick joined “The Ingraham Angle” to break down his candidacy for voters Wednesday.
Les mer »