In the last two weeks, Congress managed to resume the agenda of activities after several months of paralysis that was only interrupted to discuss the agreement with the IMF. However, the parity between the ruling party and the opposition that governs both chambers prevents the effective approval of laws in the absence of concrete agreements to achieve majorities.
Last Thursday, the Senate managed to give half a sanction to the project promoted by hard Kirchnerism to create a “fund to pay the Fund”, a trust created from the collection of an aliquot for those who have undeclared assets abroad that serve to meet commitments to the IMF. The initiative of the Front of All took 37 votes in favor against 31 of the opposition, which sounds auspicious for the advancement of the project.
However, the issue has to overcome two obstacles to become law. In the first place, in the Upper House the complementary project is blocked to avoid bank secrecy that would allow the so-called “collaborator” to file a complaint against those who have undeclared assets.
The regulations of the Central Bank offer technical incompatibilities to be able to effectively access these data and if there is no possibility of knowing that “secret”, it will not be possible to collect the tax from those who evaded the current regulations. In addition to this instrumental issue, the initiative has few chances of being incorporated into the tight agenda of Deputies, where the construction of majorities is proving to be very laborious, both for the ruling party and the opposition.
From the beginning of the FdT administration, Kirchnerism achieved the approval of several projects in the Senate that were later truncated due to the lack of accompaniment in the Lower House. The first of them was the judicial reform, accompanied by the reform of the Public Prosecutor’s Office and another more current one such as the modification of the Council of the Magistracy, where there are also judicial presentations crossed by the disagreement over the appointment of the councilors of the political sphere.
Neuquén senator Oscar Parrilli, author of the project, celebrated the half sanction and highlighted: “We believe that it is an act of strict distributive justice and fiscal equity and with those who pay. This debt must be paid by the only ones who benefited, who were those who were able to take cheap dollars abroad without paying taxes.”
Faced with questions from the opposition about the relevance of the project in the midst of the economic crisis and the emergencies surrounding inflation, Parrilli reminded them that “a large part of the inflationary problem that we Argentines have is the shortage of dollars that we need ”.
Martín Lousteau was one of the legislators from Together for Change who unleashed his criticism of the project during the session. As he said, the regulations promoted by the ruling party generate that “those who failed to comply with Argentine law and prevented the State from having those funds and being able to carry out its policies, are given a laundering”, while warning “it does not change one iota life to the people”.
Detail. The project to create the “National Fund for the Cancellation of Debt with the International Monetary Fund” aims to form a trust with the contribution of 20% of the undeclared assets of Argentine citizens abroad, a portion that must be paid in dollars. .
In the event that the evaders declare the goods after six months of the entry into force of the law, the rate rises from 20 to 35%.
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