Argentina - 01

Argentina: Successful Tax Amnesty Gives Macri Some Breathing Room

According to an official announcement last week, $116bn in assets have been declared to government authorities following the decision by the Macri administration to initiate a tax amnesty program last year. Most of the assets declared had been in banks in the US, Switzerland and the British Virgin Islands. The amount of newly declared assets corresponds to a significant portion of Argentina’s GDP.

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