The government announced that it will call for extraordinary sessions starting next December 10 to discuss the 2026 budget, the new penal code, and the structural reforms that the May Council is working on, but it is an old initiative that has strengthened Ministry of Economy It was never discussed: the “shield” project at parliamentary level is the plan Taking dollars out of the informal sector.
The announcement was made with great fanfare in May after the Buenos Aires elections. It consisted of what the government called the “historic compensation plan for the savings of Argentines.” The first stage referred to Simplified earnings systemIncreasing reporting thresholds and abolishing coordination reporting systems economyCentral Bank of the Argentine Republic (BCRA(and the customs collection and control agency)coffin).
Although the agreement obtained the accession of 17 many provinces Banks ignored In accordance with the government’s guidelines and continued to demand sworn declaration of the source of funds from their clients with “voluntary” forms, a fact that was reported on social networks and condemned by the head of the Treasury Palace himself, Louis Caputowhich set out to encourage taxpayers to refuse to provide documents.
Part of the reason the plan did not pan out as expected was that the second phase had to go through Congress: The project was presented in June under the name “The principle of financial innocence” and proposed amendments to Foreign exchange criminal law And who Tax procedure To provide legal security for measures. “The aim is to protect citizens from possible future administrations that once again want to persecute and review the past of people who have adhered to the regime,” the minister explained.
Among the main points, he suggests increasing the quantities of what they consider Tax evasion And a floor of years A prescription Of crimes. With this incentive they expect a He increases In the groupone of the main goals of the national and provincial governments: according to a recent report by INDEC, the amount of dollars found “under the mattress” amounts to 250,000 million US dollars.
“Congress must find a tool that allows that money to be returned to consumption“People can buy a car, an apartment, a bicycle, a motorcycle, a TV, anything they want, without anyone asking them where that money comes from, because that is the problem we face today,” the president of the Argentine Chamber of Commerce recently defended (Kak), Mario Greenmanin radio statements.
Speaker of the House of Representatives, Martin MenemAfter several frustrating attempts to convene committees to judge the project, they are forced to warn “Toto” Caputo that they will not be able to force it onto the agenda. At that time, the House of Representatives was preparing bills to finance universities and children’s emergencies: the advanced opposition did not allow the ruling party to discuss their initiative even though they claimed that there was consensus even among opposition MPs.
The truth is that the representatives infiltrated a similar, old project that he promoted Oscar Agust Carreño (Federal meeting) and Ricardo Lopez Murphy (United Republicans) in opposition session and approved it with symbolic support from the LLA, but it was not passed in the Senate. This proposal was less ambitious and was limited to amending the criminal tax system.
The committees that will be responsible for handling the project are: Budget and treasury; Criminal legislation and General legislation. They are all currently headed by representatives from the ruling party and the idea is to maintain this status. The first was directed by José Luis Espert – one of the faces of the project at the time of its release – but he took over instead Alberto “Bertie” Benegas Lynch; the second Laura Rodriguez Machadodeputy PRO who joined the LLA by order of Patricia Bullrich; And the third Santiago SantorioDeputy and member of the “Powers of Heaven”.
The ruling party’s plan as known Historianis that within the small margin of exceptional measures that the executive authority will request in the final weeks of December Judgment and approval of the project Tax clearancewhich will go hand in hand with treatment Budget 2026which has to go through the commission again.
With the approval of many conservatives who were ready for the initiative, in addition to the political power that the government will have after the legislative change, it is expected that the project will not face major obstacles when it comes to discussing it. However, any potential edits are saved when working in committee.
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