MercoPress. South Atlantic News Agency
Argentina promulgates tax data exchange bill, but Uruguay still has to vote it
The Argentine government on Wednesday promulgated the tax agreement reached with Uruguay geared to lower fiscal evasion and elusion plus avoiding double taxing for residents from the neighbouring countries. Read full article
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Disclaimer & comment rulesAnother bilateral agreement for the benefit of Argentina - all those Uruguayans with deposits in Argentinian banks will be now be caught.
Aug 23rd, 2012 - 08:41 am - Link - Report abuse 0Serves the dumb bugger right ( there is more than one Uruguayan with a bank account in BA???) .
Aug 23rd, 2012 - 08:47 am - Link - Report abuse 0Yes and he is living in europe
Aug 23rd, 2012 - 08:51 am - Link - Report abuse 0“However some lawmakers are considering a possible delay of the bill until Argentina unlocks many of the bilateral issues which remain in dispute between the two countries, particularly referred to the access canals to the shared River Plate.”
Aug 23rd, 2012 - 10:08 am - Link - Report abuse 0And so they should use this to their advantage, though I doubt old Pepe has the balls to do so.
Great to see Cristina is tackling the tax avoiders even if Cameron won't
Aug 23rd, 2012 - 12:46 pm - Link - Report abuse 0@3 agent999 (#)
Aug 23rd, 2012 - 01:33 pm - Link - Report abuse 0Aug 23rd, 2012 - 08:51 am
Denmark?
Just looks like another ploy to grab onto any money before the world goes to shit. Why the hell do we allow governments to tax us soo damn much. We essentially become slaves to the government. There are tax havens because the taxes are too high and people don't get anything from it. Figure it out people.
Aug 23rd, 2012 - 04:12 pm - Link - Report abuse 0Blind_Scottie_Kirchnerist
Aug 23rd, 2012 - 06:22 pm - Link - Report abuse 0And why, do you think;
1) She want such a law?
2) She wants the law to be retrospective?
The real answers may not be so obvious.
bamf,spot on.income tax was introduced in uk to support wars,the bastard
Aug 23rd, 2012 - 09:49 pm - Link - Report abuse 0william pitt 1799 being the culprit.we have been suffering this theft ever since.i expect it is still a big expenditure of lots of countries,so nothing learned there then over the last couple o hundred years.
Okay you economic experts from the left and the right:
Aug 23rd, 2012 - 11:16 pm - Link - Report abuse 0(firstly I've just found out my son is to become a dad, so a tad drunk after the news in the pub).
The left and right: A few nations follow State Capitalism: Norway, Qatar, Singapore etc are examples. I see the government of Argentina going down this road, but in a dodgy way: It's knocked them back, even if I think I support the ethos.
I know that this board has rampant Capitalists on the board whilst I watch the poor getting poorer each year I live.
The UK seems to be first shafted by the bankers, then we get shafted by the current party in power. (Lets raise more tax Georgie Boy says Cameroon as we are shafted). Georgie thinks on it for a nano-second a says we'll tax pasties and static caravans. Both are Working Class things (Cheap holidays and food at lunch). Tax avoidance?
To me, a working economy is one in which all people can afford to put money BACK into the economy, If you reach a stage on the planet where only the richest can afford a restaurant meal, a night in the local (pub) or to take the nippers to the seaside for a day then you have shafted your own nation.
A high wage economy to me (such as Denmark) keeps the economy going.
(2 million people in the UK alone depend on enough foreign people having enough money to actually visit the UK)
How can paying the lowest possible wage in any nation possibly benefit the nation, rather then a very few shareholders. I think MODERN capitalism is failing the world, whilst normal capitalism that I grew up as a child with was great.
Modern Capitalism?= No customer service; call centres in India to increase the dividend by 000.1 pence each year. No understanding of how, if unemployment rises too far, profits actually suffer as everyone is skint. (The “bigger picture” or”spending power* I think they call it). Each company only thinks of it's own costs, but always fails to see her customers, or nations, never mind the whole picture.
Any thoughts all of you?
#10 Moriety
Aug 24th, 2012 - 01:26 am - Link - Report abuse 0The thing is that “modern day capitalism” is really nothing like capitalism. The reason bankers around the world have profited so much is not because of capitalism but because of government control and interference. The government, by creating rules and regulations and taxes, has created an environment where the smaller banks or new start ups are unable to compete with the mega banks you see around the world. Then they become these too big to fail banks and get bailed out by the tax payers. This is not capitalism, there really is no word for it. Simply some large businesses like banks, war machine, agriculture, etc., that are so in bed with the government that for you or I or any other little guy to try and compete is impossible. Think about how hard it is to open up a business and abide by all of the laws and regulations and still pay your taxes and be able to make a living; nearly impossible.
Capitalism is the open and fair competition between business. Government is simply there to solve disputes such as copy rights. In a true capitalistic world, employees will receive wages that are at the market price, but they will be able to buy products that are much cheaper. What good does it do to make millions if a loaf of bread cost thousands? Here in Paraguay things are dirt cheap. Bottle of Johny Walker Blue is about $150 american dollars; cheaper than in the USA. That is because of less regulation, less taxes. Paraguay is very capitalistic; there are very few restrictions to products coming in or out.
Finally the reason there is outsourcing is because of min. wages, taxes, regulation. It is too expensive to hire a person to work in the USA or Britain in comparison with Indian or China. WHY? Every little regulation or tax simply increases the prices of products. Those most affected are obviously the poor. Elimate regulations, subsidies, taxes, government interference in general and you will get true capitalism.
Hi BAMF,
Aug 24th, 2012 - 02:04 am - Link - Report abuse 0I think the days of real Capitalism are over. We used to have healthy competition when I was a nipper. I just don't see it existing any more.
Take an example: The UK water industry: Owned by us, the people, then the Tories (Conservatives) sold what we already owned. We than had companies owning a vital resource but without “Big mother” making sure we could get access to it.
Did this help us? Nope, profit was introduced to a vital resource that our government once managed, without profit, for every person, left or right, without profit as a motive.
Not a great step forward, and 94% of the UK opposed the selling of that, that we citizens already owned.
The world will never have an equal wage for all: one nation will always have a lower one than another, China today, Thailand tomorrow I guess.
The Chinese seem to be so nationalist as they support this crap system that helps modern capitalism support it. I look on in disgust.
Regulation by nation-states will eventually be nation states offering/selling their workforce at the cheapest price possible where regulation once stood. Dominant companies will dictate terms as they already seem to do in the USA: Microsoft. Java, Flashplayer, Ebay etc.
Capitalism in a pure form is great: But nothing will ever beat real pure capitalist competition, but where the hell has it gone?
USA no longer a middle-class country, first time in 70 years.
Aug 24th, 2012 - 03:23 am - Link - Report abuse 0http://www.foxnews.com/politics/2012/08/22/middle-class-suffers-worst-decade-in-modern-history-report-says/?test=latestnews
And yankeeboy, don't blame Obama. Sure he may be the problem too, but notice that is a DECADE, which means Bush jr was equally responsible.
And this is no joke, I was talking to a long time friend who is in the USA, he said he is now seeing beggars way out in the suburbs of his city, in front of bookstores and malls, he'd never seen that in his life, not even in the worst of the crisis.
And your debt is about to hit 16 trillion, and almost 30% of US children are POOR... used to be 25%.
You are a disaster, maybe you should stop focusing on Argentina and try to keep your own house, it is crumbling all around you.
#12 Moriety - The UK water industry most likely was sold off with a series of protections for the buyer(s). This thus prevented any new competition from opening up and providing cheaper and better service. This isn't capitalism, just big government in bed with big business. Before when the state owned the water industry, then it wasn't capitalism either, just socialism. Socialism is very deceiving, especially to the poor; though they get free or subsidized services/products such as water, food, healthcare, what most people don't realize is that there is a cost to all of this “free” stuff. The cost is that companies are taxed, and this will always cause prices to go up and thus the poor are most affected. Even worse is that new jobs will not open up in such a country because it isn't profitable for the investor. Keep Big Government away from regulation and ownership of business sector and you'll have a very prosperous country.
Aug 24th, 2012 - 12:16 pm - Link - Report abuse 0Not the companies only BAMF, the people as well. Everybody pays for what the state owns. Because we ARE the state, each and every one of us.
Aug 24th, 2012 - 01:09 pm - Link - Report abuse 0You want to introduce the law of the jungle on a system that is divided in classes already. We already know who is going to benefit from that...
Well said Guzz.
Aug 24th, 2012 - 07:21 pm - Link - Report abuse 0“Because we ARE the state, each and every one of us”
It seems the politicians have forgotten that fact, not least as big business now owns their asses, especially in the USA and UK.
BAMF: (please choose a real name!): You are spot on with the arrangement between our government and the private water companies. The Tory government of the time gave them a 25 year license to rob us.
I accept that the (Tory) government baulked at the cost of bringing our antiquated water system upto common European levels (£25 billion apparently) but was angry they just wouldn't accept the cost, given 94% of the population they were elected to SERVE wished water to remain under our control: The cost would have been -5% of the profit the private companies were allowed.
To me our national infrastructure is a red line and it has already been crossed in Water, Electricity, Gas and Public transportation.
A peak railway return from Sheffield to London cost £270 for this 2½ trip, so a tad beyond the minimum wage of £6.08 an hour, and about the same as a weeks holiday in Spain.
Eventually the government will realise that the the cleaners, Police, Firemen, Nurses, teachers et al can no longer afford to use the national infrastructure. The penny doesn't seem to have dropped yet though.
Modern Capitalism isn't working, and whilst I dislike (hate) the Argentinian government at least they are doing something about it. Brazil? They are following a “Do as we say” path as they arm themselves against a non-existant threat. and I clap them too, however pointless the arms expenditure, at least they have balls, however pointless.
To me our national infrastructure is a red line and it has already been crossed in Water, Electricity, Gas and Public transportation.
Aug 25th, 2012 - 11:42 pm - Link - Report abuse 0Gosh you are dumb or a communist which is even worse....
Hi mate,
Aug 26th, 2012 - 02:50 am - Link - Report abuse 0That's a stupid comment. Human greed alone means Communism will never work. State Capitalism seems to be doing okay in a few nations though.
I don't think that our UK experience of turning over our infrastructure to private monopolies has been a good experience. Try reading about how us general public view the ownership of our Railways, Gas, Electricity and Water here in the UK. You will be shocked at how angry most of us are,
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