MercoPress. South Atlantic News Agency
Argentina’ tax office will validate buyers of foreign exchange as of Monday
Argentina’s tax revenue office (AFIP) will validate from Monday onwards the people or enterprises that purchase currencies at the foreign exchange markets in order to control if they have the funds to do it and end with the irregular transactions, Economy Minister Amado Boudou announced Friday. Read full article
Comments
Disclaimer & comment rulesthere must be detected in some IMPORT transactions not
Oct 29th, 2011 - 09:09 am - Link - Report abuse 0only in some EXPORT transactions....!!
These types of controls never work in the long run, they're just a sign of desperation, reserves are depleted and the peso is in free fall. 4.87/1U$ on grey mkt transactions! Just look at Venezuela and see the future of RGland.
Oct 29th, 2011 - 12:19 pm - Link - Report abuse 0so what if the peso falls?
Oct 29th, 2011 - 01:39 pm - Link - Report abuse 0currency is just a tool
there should be a fee inposed on exchange equals to the anual % of exports compared to the GDP, and to offset inflation and to make sure this is not just on papers this fee should be redused for companyes with their head office in Argentina and bank account in a local institution, this charges should be applyed to all and a rebate can be returned to all tax payers at the end of the year, it might come as a gift for failing busynesses.
Oct 30th, 2011 - 12:21 am - Link - Report abuse 0yes now we begin with the tipicals controls
Oct 30th, 2011 - 03:08 pm - Link - Report abuse 0the rich more rich and the poor more poor, and the common people more poor in pesos devaluated pesos that for people that wants to ahorrar they will lose money
#3... I guess you are not from Argenina, Austral 1985-1991....a strong currency is very important it you don't understand that you need to take an economics class.
Oct 31st, 2011 - 01:45 pm - Link - Report abuse 0#5 Yep and it is just the beginning
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