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Argentina dollar markets waiting for implementation of the ‘whitewashing bill’

Saturday, June 1st 2013 - 17:34 UTC
Full article 117 comments

The US dollar in Argentina’s parallel or ‘blue market’ finished on Friday the month of May down 6.4% from the 9.40 Pesos at the end of April, including a slight drop in the last day of trading, that took it to 8.75 Pesos and 8.80 Pesos, buying and selling price. Read full article

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  • ChrisR

    “It is a dangerous law”, head of the Radical Party caucus at the Lower House Ricardo Gil Lavedra warned. But ruling Victory Front lawmakers responded to the criticism: “How do you plan to finance the country?”

    Stop you lot pocketing all the bribes and moving it abroad would be a start!

    Chucking your mafia pals into jail would be another, etc.

    Jun 01st, 2013 - 05:48 pm - Link - Report abuse 0
  • yankeeboy

    This bill may get Crissy a nice cell in the USA to spend out her retirement. That is if the Rgs don't take care of her themselves.

    Jun 01st, 2013 - 05:53 pm - Link - Report abuse 0
  • slattzzz

    100 pesos = 1 sheet of toilet paper

    Jun 01st, 2013 - 06:20 pm - Link - Report abuse 0
  • BOTINHO

    “ The bill invites residents with domestic or overseas assets in dollars to make the funds ‘legitimate’, no questions asked, no levies charged, as long as they purchase special financial instruments that will yield 4% interest. ”

    I see.

    Is the President, and all members of her administration, then going to divulge all offshore and overseas accounts and investments they possess, and make them “ legitimate. ? ” Or is that only for residents, and not officials.

    Anyone.... anyone... anyone ? No ?

    Jun 01st, 2013 - 07:02 pm - Link - Report abuse 0
  • ElaineB

    The government has a list of people that are not allowed to launder their money. Honestly.

    Jun 01st, 2013 - 07:04 pm - Link - Report abuse 0
  • Frank

    Trust her with the 'no questions asked'??????

    'Will all the teachers and doctors please stand up, your country needs you' Pol Pot

    Jun 01st, 2013 - 07:27 pm - Link - Report abuse 0
  • slattzzz

    trust me I don't use botox or have millions in a Bermuda bank account.................oh shit that's a BOT isn't it, useless cow

    Jun 01st, 2013 - 07:36 pm - Link - Report abuse 0
  • ElaineB

    I forgot to add that there is also a list of people being threatened if they DON”T bring their dollars back to the country.

    Jun 01st, 2013 - 07:36 pm - Link - Report abuse 0
  • Biguggy

    ElaineB @5 & 8

    Never, ever, trust a dictatorship with 'lists'. It can only end in anguish and not necessarily for those 'on' the lists but also for those 'off' the 'wrong' list(s)'.

    It is the end of democracy!

    Jun 01st, 2013 - 09:04 pm - Link - Report abuse 0
  • yankeeboy

    So familiar...

    Proscription of 43 BC [edit]

    Proscription was later revived by the Second Triumvirate in November 43 BC, again to eliminate political enemies and to replenish the Treasury. Some of the proscribed enemies of the state were stripped of their property but protected from death by their relatives in the Triumvirate (e.g., Lucius Julius Caesar and Lepidus' brother). Most were not so lucky; amongst the most prominent men to suffer death were the orator Cicero, his younger brother Quintus Tullius Cicero (one of Julius Caesar's legates) and Marcus Favonius.[1]

    Jun 01st, 2013 - 09:13 pm - Link - Report abuse 0
  • ElaineB

    @9 Quite. And Maduro has a list too.

    Jun 01st, 2013 - 09:18 pm - Link - Report abuse 0
  • Think

    TWIMC
    Is a fiscal amnesty such a unique Argentinean thing??

    Off the top of my head…:

    Spain had one in 2012…

    Italy had one in 2001, one in 2003 and one in 2009….

    Portugal had one in 2005, one in 2010 and one in 2012….

    Mexico had one in 1989, one in 1990,one in 1995, one in 2005, one in 2009 and one in 2013….

    And…............... last but not least, USA’s last three were in 2009, 2011 and 2012…

    Inform yourselves, Turnips……

    Jun 01st, 2013 - 09:42 pm - Link - Report abuse 0
  • Captain Poppy

    Stink.....read thoroughly before you type. The amnesty programs in the USA are directly related to reporting gains for tax purposes, not having foreign currency and giving it to the government. Never has it been illegal to possess foreign currency as it is in Argentina. People in Argentina put money in U$ because of inflation and American citizens, er.....excuse me, North American citizens in the USA are allowed to put their entire net worth in any currency, foreign bank, stocks anyplace they want to, so long as they report gains and that is what those amnesty programs are about. In Argentina where possession of U$ is all but outlawed (Venezuela has toilet paper raids........Argentina has U$ raids and trained dogs), their programs are designed to acquire U$ because the government needs them so they outlaw their citizens from owning and investing in them. If they plebs that run Argentina learned that growth without inflation is possible, published real inflation, attacked corruption...starting at the top, people of Argentina would have more faith in the country. The problem has to be with the vast majority of the populace otherwise it would not be an issue of concern. If that many people believe something is wrong......something is wrong.

    Jun 02nd, 2013 - 12:14 am - Link - Report abuse 0
  • Think

    TWIMC

    The decimated, pitiable and utterly ruined & desperate Middle/High Classes of Argentina, fleeing from the brutal economic and social policies of the Kirchnerite dictatorship and the criminal persecution by the ”La Campora” brown shirted death squads, resort to a last, desperate intent to save their poor souls….

    A week’s shopping holiday to London to try to catch a glimpse of Pip’ass….. ;-)))

    ”The British newspaper The Daily Mail published an article yesterday about “the Argentine invasion to Great Britain” highlighting the record number of tourists who spent 104 million pounds, “despite renewed tensions between the two countries over the status of the Malvinas Islands”.
    http://www.buenosairesherald.com/article/132554/british-media-highlights-argentine-tourists-invasion-to-great-britain

    Jun 02nd, 2013 - 06:14 am - Link - Report abuse 0
  • Heisenbergcontext

    12: Your anti-turnip devices appear to be firing blanks.

    Jun 02nd, 2013 - 06:26 am - Link - Report abuse 0
  • Think

    15 Heisenbergcontext
    The most simple truths are usually recieved with resounding silence.......

    Jun 02nd, 2013 - 06:57 am - Link - Report abuse 0
  • Heisenbergcontext

    16: Not really.

    Jun 02nd, 2013 - 10:08 am - Link - Report abuse 0
  • Think

    (15) Heisenbergcontext

    Complementarily to your above comment…
    As ol’ Bohr could have said to young Heisenberg…:
    The anti-turnip device appears to have hit the bull’s-eye.

    Jun 02nd, 2013 - 10:14 am - Link - Report abuse 0
  • yankeeboy

    I wonder what will happen when CFK is in jail ( or dead) the bonds come due during the next regime and everyone knows its drug money?

    Laws are so easily changed in that “serious country” to suit the new ruler I would think even strong arming the hold outs isn't going to work very well.
    My guess is this is also an illegal use of the Central Bank.
    another blurring of the lines
    They better hope what little is left of the reserves isn't attachable.

    Jun 02nd, 2013 - 10:28 am - Link - Report abuse 0
  • ChrisR

    19 yankeeboy
    “They better hope what little is left of the reserves isn't attachable.”

    Oh yes, I know what you think of that! TMBOA is really going to respect that.

    Ha, ha, ha.

    Jun 02nd, 2013 - 11:02 am - Link - Report abuse 0
  • yankeeboy

    I think with a little pushing the US Courts would find that BCRA is just an arm of the Arg Gov't and no longer a separate entity.

    That would be the end

    and I would laugh

    Jun 02nd, 2013 - 11:12 am - Link - Report abuse 0
  • Anglotino

    High levels of consumption are indicative of high inflation and no ability to save. Argentina's consumer boom is literally stealing savings and future investment.

    Why save or invest in anything when you have 30% inflation but are continually told it is 10%. The economy is geared to act as if it is 10% and people act as if it is 30%.

    So spend my dear Argentines, spend. There is no use saving that wage, not even for a single month.

    The original article is here:
    http://www.dailymail.co.uk/news/article-2333993/Argentina-invades-Britain-Record-numbers-tourists-spend-100million-UK-despite-renewed-tensions-Falkands.html

    So congratulations Argentina!

    This website is even better:
    http://www.dailymail.co.uk/news/article-2333993/Argentina-invades-Britain-Record-numbers-tourists-spend-100million-UK-despite-renewed-tensions-Falkands.html

    For instance, coming from a country that isn't decimated, pitiable and utterly ruined with the desperate Middle/High classes fleeing from the brutal economic and social policies of an impending dictatorship and the criminal persecution by the brown shirted goon squads, we wouldn't be impressed that we had 103,500 people visit the UK and spent a whopping £101 million.

    No, we'd have something more like 993,000 visits with a spend of £1 billion.

    I guess turnips are not only RICH in vitamin A, folate, vitamin C, vitamin K and calcium, but also RICH in pounds sterling by the looks of it.

    Jun 02nd, 2013 - 11:19 am - Link - Report abuse 0
  • yankeeboy

    Argentines don't need travel visas to visit UK. I haven't seen many in my USA city that is for sure.
    I wonder if we stopped issuing visas to Rgs again?

    It was sad to go to the embassy and watch people get denied to travel here and then scream and cry to the guards to try to get their $100 back.

    It must be difficult when reality interferes with the delusions of grandeur.

    Jun 02nd, 2013 - 11:39 am - Link - Report abuse 0
  • ElaineB

    Argentines don't need travel visas BUT I know of people turned away at Heathrow and sent straight back. I don't take the direct flight from Buenos Aires anymore but I remember being met as we stepped off the plane by immigration and sniffer dogs. Anyone with a SoAm passport was pulled to one side to be checked.

    I saw the stats and wondered if it allowed for the Olympics? But I see it as very positive. Even allowing for the government's anti-British rhetoric Argentines are increasingly wanting to visit the UK and spend their money here. Which I have to say is in line with my personal experience of Argentines.

    Jun 02nd, 2013 - 11:48 am - Link - Report abuse 0
  • Heisenbergcontext

    18: Oh cerebral one: All that intelligence, all that eloquence and erudition and you waste it defending a regime that isn't worth your time and respect. You're still firing blanks (though I admire your persistence). Turnips are humble, harmless, and full of vitamin C. Time to find a new epithet I believe.

    Jun 02nd, 2013 - 12:05 pm - Link - Report abuse 0
  • Think

    (25) Heisenbergcontext
    You say…:
    ”…..you waste it defending a regime that isn't worth your time and respect.”

    I say…:
    Waste it?
    As I have explained in here before........:
    This “Regime” as you, in your monochromatic anglocentric cosmovision haughtily choose to call it, is, by far, the best this old man can remember ever to hit this, his battered Country......

    Turnips are indeed humble, harmless, full of C vitamin and devoided of any quantifiable intelligence....

    The epithet stands its ground………, I “think”.

    Jun 02nd, 2013 - 01:24 pm - Link - Report abuse 0
  • yankeeboy

    The problem with the K regime is not how it began, not even it's middle but its terrifying and tragic end.
    We are just seeing the beginning of the end
    and that is how it will be remembered

    It's too bad it will take 40MM lives with it

    Jun 02nd, 2013 - 02:06 pm - Link - Report abuse 0
  • Think

    (25) Heisenbergcontext

    Addenum...:
    Except, of course, rotten Turnips as No. (27) that are, harmfull, full of BS vitamin and even more devoided of any quantifiable intelligence....

    Jun 02nd, 2013 - 02:22 pm - Link - Report abuse 0
  • yankeeboy

    Problem with that statement is all of my posts are available to read.

    I would imagine if someone had the time and inclination they would find that in general everything that I have been predicting has come to pass...or is about to.

    It so hard to predict WHEN something will happen but not IF

    The new normal is 9/1 didn't I say 10/1 in June..just 4 weeks to go. Come on 10! Come on 10! Not sure why I want it to go to 10 the $1000 or so Peso I have won't even buy me a taxi and a coffee next time I fly in.

    Jun 02nd, 2013 - 02:29 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    “Anyone with a SoAm passport was pulled to one side to be checked.”

    And that is the perfect encapsulation of British culture. Racist, xenophobic, cultural supremacists (without any grounds in modern times to behave so).

    That is why I have no problem to treat them and other Europeans like the garbage they are. If it was up to me, I would have Europeans quarantined. They are always bringing in bizarre diseases and plagues to Argentina.

    WE don't want no European SARS here. Stay in Europe you vermin.

    And no Americans either. Last time remember how North Americans had sex with pigs and then spread the porcine flu to the world.

    What filthy disgusting societies. They should be given 10 cm antiobiotic enemas at customs to purify them of all the microbes they carry.

    Jun 02nd, 2013 - 02:31 pm - Link - Report abuse 0
  • yankeeboy

    30. You should probably ban Venezuelans immediately they have a nasty case of H1N1 going around and it looks like they don't have the means to get it under control.
    Must be hard when there isn't even toilet paper around. It can't be too sanitary.

    Jun 02nd, 2013 - 02:41 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    I don't know about the Venezuelans, I do know all foreigners should have to pass physicals, just like in the good old days.

    That would prevent most of you here from ever returning. Mininum IQ not met.

    Jun 02nd, 2013 - 02:55 pm - Link - Report abuse 0
  • yankeeboy

    You know the IQ test is why so many Italians ended up in Argentina after they first tried to immigrate to the USA!

    We didn't let them in but you guys obviously didn't care and are certainly paying the price now!
    hahaha

    Jun 02nd, 2013 - 03:05 pm - Link - Report abuse 0
  • Heisenbergcontext

    26 & 28: A fine riposte sir (mostly). I like to tell myself there is a context for everything and you've provided one. I've never lived anywhere remotely near your country and my knowledge of her history is sketchy, and yes, some of the commentary here can be vulgar and smug but it doesn't change the facts does it? Anyone genuinely desiring of leaders who at least tell the truth about the things that matter would surely find the utterances and actions of the current Argentine government disquieting at the very least.

    Jun 02nd, 2013 - 03:07 pm - Link - Report abuse 0
  • Troy Tempest

    32 TOBY

    “I don't know about the Venezuelans, I do know all foreigners should have to pass physicals, just like in the good old days.”

    Toby
    Didn't you Latin Europeans who invaded South America, prior to 1833 BTW, bring over all sorts of pox and venerable diseases with you??
    When that didn't wipe out the indigenous population, your War of the Desert and other genocides, nearly succeeded.

    BACK ON TOPIC:
    Your country is hardly going to stop the Venezuelans or anybody else coming in to Argentina, especially if they bring US $, UK £, or EU €.

    Disease is already rampant in your country, it's called corruption, or the proper “latin” name, Kirchnerism.

    Jun 02nd, 2013 - 03:15 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    @33

    Well you have finally shown your true racist colors. Total generations about entire countries huh? Who would have thought it from you.

    Don't worry though, we got genetically better immigrants than you. Know why? Ticket prices.

    From 1850 to about 1885, the price of a ticket 3rd class to Ellis Island was almost four times cheaper than one to Hotel de Inmigrantes. And from 1885 to 1930 about two to three times cheaper.

    So when the first immigrants mainly Irish, German, Swiss, Dutch, Basque, and northern Italians came, it was nobility or well to do folk. They are the ones that founded many of the cities in central and southern ARG.

    That trend continued throughout most of that time. Which is why in Argentina it is much more even between northern Italians and southern Italians (which is why many Italian-argentines are blond), but in the USA all Italians were southern Italians. The south was poorer thus most people chose the US, but in overall numbers so many more Italians went to Argentina that there are many southern Italians as well (mostly the good ones, notice how there was never an Italian Mafia in Argentina, unlike the USA).

    So overall, we got the far better genetics and noetics, because distance and price of ticket deterred many so they went to your country. Which is why today you still believe in creationism, the tower of Babel, that complaining turns your brain into goo, and that homosexuality is contagious.

    hahahahaha, USA what a joke.

    Jun 02nd, 2013 - 03:15 pm - Link - Report abuse 0
  • yankeeboy

    36. Yeah the better genetics shows in your productivity, innovation er ah where does it show up now?

    I think it shows up in your crime stats mainly..maybe the corruption index? Yeah there too.

    You're funny

    Jun 02nd, 2013 - 03:21 pm - Link - Report abuse 0
  • ElaineB

    @36 And yet with all that claimed superiority, your country is moving from developing to failed. And the USA is the only superpower. How is that?

    Jun 02nd, 2013 - 03:23 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    @37, 38

    But we were developed and between 4th and 8th on the planet, from 1875 to 1950. That is not an insignificant period of time, especially for a country with such a small population.

    So we already reached the potential. But nothing last forever.

    Jun 02nd, 2013 - 03:29 pm - Link - Report abuse 0
  • yankeeboy

    But we were developed...

    bahahahahaaaa

    Jun 02nd, 2013 - 03:33 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    @40

    I don't see what is so irrational, you as a country are quickly heading downhill, whether you admit it or not. Your education stats are atrocious (and that's WITH tons of very smart Europeans, Chinese, Indians, Arabs, and South Americans attending your universities boosting your numbers, imagine if they were not included). Your well-being numbers are far worse now then 20th years ago, your debt is unpayable, your politics at a gridlock, your infraestructure literally crumbling or failing, you can't go into space anylonger, you won't have the world's biggest navy soon, you no longer have the only world's currency (Euro and Yuan taking that away).

    You were 50% of world's GDP in 1950, now you are about to trop below 20%. You have increasing calls by states both north and south and west to secede.

    WHAT more evidence do you need? Not my fault you are a jingoist with your head in the sand.

    The USA started declining three decades ago with the fall of the USSR. History books will reflect that irony in 200-300 years. They will say:

    “For the people living at the time, the collapse of the Soviet Union signaled the apparent start of an era of unparalled power and dominance for the USA. But in hindsight, the symptoms of decline statistically were clear. The sep 2001 attacks were a symbolic watershed. As the first half of the 21st unfolded, the increasingly weak economy, detereorating social indicators, constant terrorism targeting the country, and dysfunctional politics led to ever increasing budget problems, which culminated in the American debt crisis and default of 2036. This event marked the end of the USA as a superpower, and the social upheaval it brought laid the foundations for the start of the 2nd American civil war, a war between citizen and government.

    The Constitutional States of America, the Republic of California, Texas and the Northwestern Federation would all ultimately arise from the ash. The remainder of USA would rename to ”American Republic”.

    Jun 02nd, 2013 - 03:44 pm - Link - Report abuse 0
  • Troy Tempest

    @41 Nostril Damus

    ““For the people living at the time, the collapse of the Soviet Union signaled the apparent start of an era of unparalled power and dominance for the USA. But in hindsight, the symptoms of decline statistically were clear. The sep 2001 attacks were a symbolic watershed. As the first half of the 21st unfolded, the increasingly weak economy, detereorating social indicators, constant terrorism targeting the country, and dysfunctional politics led to ever increasing budget problems, which culminated in the American debt crisis and default of 2036. This event marked the end of the USA as a superpower, and the social upheaval it brought laid the foundations for the start of the 2nd American civil war, a war between citizen and government.

    The Constitutional States of America, the Republic of California, Texas and the Northwestern Federation would all ultimately arise from the ash. The remainder of USA would rename to ”American Republic”.”

    Toby
    I thought you were the “Pope”, not a prophet !!

    LOL !!!

    Jun 02nd, 2013 - 03:58 pm - Link - Report abuse 0
  • Think

    (34) Heisenbergcontext

    The search for context is one of the elements that diferentiate intelligent lifeform from the turnips.....

    If you wish is to aquire some contextual knowledge about Argentina, I would strongly reccomend to search outside the realms of what one easily could call the Murdochite disinformation universe.

    That will, at least, keep you out of the worst turnip fields.

    Jun 02nd, 2013 - 04:14 pm - Link - Report abuse 0
  • Heisenbergcontext

    43:Think
    An excellent suggestion which I will pursue. I salute your linguistic adventurousness however, whilst “monochromatic anglocentric cosmovision” has a lot of flair, can one really be imbued with both monochromaticism and cosmovision at the same time? And haughty? Am I French? Non.I meant no offence senor, but if it offends I will happily find a more neutral term. Incidentally, no-one has to convince me that Uncle Rupert (whose home town is where I now live) is the Darth Vader of the media world he is one of few in the western world still producing profitable newspapers and not all of those papers are bad.

    Jun 02nd, 2013 - 05:16 pm - Link - Report abuse 0
  • yankeeboy

    Methinks Toby is reading Sci-Fi and thinking its a premonition.

    Poor stupid boy.

    Jun 02nd, 2013 - 05:37 pm - Link - Report abuse 0
  • Fido Dido

    “Inform yourselves, Turnips……”

    Think, they can't inform themself. Why? They are ideologues, and ideologues aren't capable of informing themself. Another reason they won't inform themsels is,once they do that, their “bubble” will burst what will ruin their lifes for the rest of their life.. what will hurt. Remember, they represent the so called “devolped world”, which in reality is in decline..(they know it, but admitting hurts).

    Jun 02nd, 2013 - 06:43 pm - Link - Report abuse 0
  • ChrisR

    39 TroLLey_to_Truth
    “But we were developed and between 4th and 8th on the planet, from 1875 to 1950. ”

    But weren't the BRITISH involved with Argentina for a large part of that time.

    And NO unions to fuck everything up?

    And the END co-incided with the rise of the stupid bastard PERON?

    And the stupid bastard PERON is still infecting you all isn't he?

    Now I will sit back and listen to how it's all the Brits fault for not shooting the stupid bastard PERON!

    LOLs

    Jun 02nd, 2013 - 06:49 pm - Link - Report abuse 0
  • Troy Tempest

    @39 Toby Tedious Teen

    “But we were developed and between 4th and 8th on the planet, from 1875 to 1950. That is not an insignificant period of time, especially for a country with such a small population. ”

    Bear in mind, the period up to 1940's, there was plenty of investment of money and expertise from Europe, and especially, Britain.
    Geez, you had infrastructure, your trains ran on time, but along came Peron who 'Nationalised', key industries “for the benefit of Argentina”.

    After that 1940's to the present, as you say, you've been in constant decline.

    Jun 02nd, 2013 - 06:56 pm - Link - Report abuse 0
  • Heisenbergcontext

    46:More blanks (forgive me I can't type your non de plume without giggling helplessly), sound and fury signifying nothing etc... The 'developed world', however one chooses to interpret it, contains many countries, many of which are not declining, although since you didn't specify the nature of said decline it hardly seems worth arguing about. If I had to compare one 'developed' country to Argentina (or Venezuela for that matter) it would be Greece which also had a government that lied about it's economic statistics and also has a population with a deep-seated sense of entitlement. Come to think of it though, they could probably benefit from Argentina's ferocious tax collecting zeal.

    Jun 02nd, 2013 - 07:24 pm - Link - Report abuse 0
  • golfcronie

    @ 49
    I have lived in both Argentina and Greece, and I have to say that when I was there, the tax payers were very keen not to pay tax in any way shape or form. No wonder that they are both in difficulties. They actually bragged about it. To foreigners anyway.

    Jun 02nd, 2013 - 08:00 pm - Link - Report abuse 0
  • ElaineB

    It is estimated that 50% of the Argentine workforce is on the black. (Off the books).

    Jun 02nd, 2013 - 08:04 pm - Link - Report abuse 0
  • Heisenbergcontext

    Does Argentina have a consumption tax?

    Jun 02nd, 2013 - 08:41 pm - Link - Report abuse 0
  • yankeeboy

    52. They say if every company paid every tax they would pay 108% of their profits.
    Yes they have VAT
    Unless you pay cash

    Jun 02nd, 2013 - 09:04 pm - Link - Report abuse 0
  • Think

    Mr. Heisenbergcontext

    At (49) you seem to be “well” informed about...: “Argentina's ferocious tax collecting zeal.”
    But at (52) you candidly ask...:
    “Does Argentina have a consumption tax?”

    I can't blame you though, if you get your info from turnips like (51) and (53)

    Let me help you out a bit.....:
    1) Argentina has a VAT of 21% called IVA .....
    2) “Black” employment is estimated at ~30-35%; NOT 50%
    3) Only Turnips say that if every company paid every tax, they would pay 108% of their profits.

    Jun 02nd, 2013 - 09:19 pm - Link - Report abuse 0
  • Heisenbergcontext

    54:Senor Think, there many references in many publications to how successful Nestor Kirchner was in improving Argentina's tax revenue, however now where was there a reference to a consumption tax. The reason for my question (the context) is because in my country we adopted a consumption tax in the mid 90's, against great opposition, including my own (I was wrong) and it was amazingly effective at scooping up large amounts of money that would otherwise have found it's way into some incredibly complicated legal (or illegal) tax shelter/avoidance scheme.
    Given how inventive the Kirchners appear to be at sniffing out any unsecured cash lying around (preferably dollars), it makes sense that there was no mention of it given that it was probably another administration that introduced it.

    Jun 02nd, 2013 - 10:00 pm - Link - Report abuse 0
  • yankeeboy

    Think, you are a f*cking idiot. You should know by now I don't post stuff unless I can back it up.

    http://www.doingbusiness.org/data/exploreeconomies/argentina#paying-taxes

    As I said IF a company paid everything they'd owe 108%

    Jun 02nd, 2013 - 10:04 pm - Link - Report abuse 0
  • MagnusMaster

    @56 I'm pretty sure it's also the case with people as well. The system is DESIGNED to make it impossible to follow the law.

    Jun 02nd, 2013 - 10:26 pm - Link - Report abuse 0
  • yankeeboy

    57, The taxes are incredibly high to live there, you not only have property tax you have a monthly tax for trash, water & street lights.
    They make them so high for a couple reason, they want to be able to use it as a bludgeon if you ever go against the gov't and they know nobody pays everything so they try to catch the ones that do.

    Jun 02nd, 2013 - 10:34 pm - Link - Report abuse 0
  • Marcos Alejandro

    The DC Beverly Hillbillies - Fred Pays His Income Tax

    http://www.youtube.com/watch?v=dOY1_ZwKI7Q

    Jun 03rd, 2013 - 01:55 am - Link - Report abuse 0
  • Anglotino

    Heisenbergcontext

    I have gathered from your short posting on here that you are a fellow Melbournian?

    Jun 03rd, 2013 - 05:04 am - Link - Report abuse 0
  • Heisenbergcontext

    60:Anglotino

    No, I live in Adelaide these days. I did live in Melbourne for a few months in 1966 but I was too young to remember the experience alas.

    Jun 03rd, 2013 - 06:04 am - Link - Report abuse 0
  • Frank

    @ 54 El Thicko
    'Let me help you out a bit.....:
    1) Argentina has a VAT of 21% called IVA .....'

    Which is why every man and his dog wants to be paid in cash....

    Jun 03rd, 2013 - 06:26 am - Link - Report abuse 0
  • Biguggy

    @ #2 yankeeboy
    A very pleasing prospect and forgive me for being a little slow on the uptake but how would it come about?

    Jun 03rd, 2013 - 09:12 am - Link - Report abuse 0
  • yankeeboy

    63. The USA declares Argentina a Narco State and issue a warrant for CFK and minions arrest and extradition.

    Believe me there is more than enough evidence.

    Jun 03rd, 2013 - 09:49 am - Link - Report abuse 0
  • Anglotino

    @61 Heisenbergcontext

    Oh sorry, I thought you had said you lived in Rupert Murdoch's hometown.

    Anyway, I agree what you say about the GST. I would prefer it covered all items myself with an increase in support to low income earners. Also as a federalist, I am leaning towards the idea of increasing the GST rate to lessen the state government dependence on the Commonwealth.

    Either way, I don't know of anyone that really evades taxation in Australia. A couple of cash in hand jobs here and there, mate's rates, but not the 30-35% that Think feels is the case in Argentina.

    Jun 03rd, 2013 - 09:50 am - Link - Report abuse 0
  • Heisenbergcontext

    65 Anglotino
    Mea culpa: I thought Uncle Rupert (as The Australian reporters like to refer to his Rupertness) was born in Adelaide. Thanks for straightening me out, it always puzzled me how anyone from here could achieve world domination, terrify politicians, and marry a ninja 30 years younger than himself. South Australians generally arn't that ambitious.

    I like your ideas about the GST and I suspect it will come to pass and yes I don't know anyone who routinely evades taxes other than the odd pot grower and child-support denier.

    Jun 03rd, 2013 - 10:25 am - Link - Report abuse 0
  • ElaineB

    LOL! I love how Think declares that it is 'only 35%' working without paying tax. It is like indignantly exclaiming it is ONLY 2nd degree murder.

    I believe the figures I have at 50% but even IF Think is right, that is shameful.

    Jun 03rd, 2013 - 11:09 am - Link - Report abuse 0
  • yankeeboy

    I used to pay the 5 people that worked at my house in cash. It was too much risk to hire them full time, you can never get rid of them then!

    Think/Marcos/Doover or whomever he is pretending to be at the moment hasn't been to Argentina since he fled in the 70s.
    His posts are always wildly inaccurate and completely absurd.

    Seems like more and more hard evidence of the dirty Ks and minions is surfacing.
    I can't wait for the retirement party
    It should be spectacular

    Jun 03rd, 2013 - 11:51 am - Link - Report abuse 0
  • MagnusMaster

    @64 what are you waiting for then?

    Jun 03rd, 2013 - 02:52 pm - Link - Report abuse 0
  • yankeeboy

    69. Things take time, look how long we let Noriega stick around before we jailed him.
    It is a good way for the next gov't to wash their hands of the Ks and minions. If an angry crowd doesn't do it for them first.

    Jun 03rd, 2013 - 03:19 pm - Link - Report abuse 0
  • Captain Poppy

    #69 USA is waiting for nothing because it is not going to happen.

    Jun 03rd, 2013 - 04:26 pm - Link - Report abuse 0
  • Think

    (66) Heisenbergcontext

    Again…......… when engaging into the search of context in that polychromatic cosmos outside Ozzie borders….., try to ”Think” out of that boxy monochrome Anglo one…….

    We are not talking here about Oz-Bob the Builder, Oz-Charlie the Carpenter or Oz-Pat the Plumber making a couple of bucks for their Bali holiday on the side…..

    We are talking about places like Bangladesh, Argentina, even Niugini……..

    We are talking about the poorest 1/3 of a population being forced in the informal market by employers who do not wish to pay for all that nonsensical “Workplace Safety”, “Medical Benefits”, “Retirement Contribution” and other “Communist Rubbish” registered and organized workers “Think” they are entitled to…..

    A certain building recently collapsed in Bangladesh comes to mind……
    1,129 dead, 2,500 injured in a couple of seconds…..
    http://en.wikipedia.org/wiki/2013_Savar_building_collapse#Fashion_industry

    Shameful indeed…… That’s why we in Argentina are reducing that “forced informal work-system”.
    With the help, between others, of what you previously, so Murdochiesque, described as a…: Zealous and Ferocious Tax Collecting System……

    Jun 03rd, 2013 - 05:44 pm - Link - Report abuse 0
  • yankeeboy

    72. Except of course for the forced prostitution that the judges allow in their flats.

    Sanctimonious b/s

    Jun 03rd, 2013 - 06:14 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    American Dream is over: Part 695.034

    http://homes.yahoo.com/news/cities-where-suburban-poverty-is-skyrocketing-213342422.html

    Jun 03rd, 2013 - 06:33 pm - Link - Report abuse 0
  • yankeeboy

    74. Oh sweetie, you didn't read that article did you?
    Our poverty rates may have been increasing DURING THE RECESSION but poverty is different for us. Our poor are your middle class. Plus the poverty rate AT ITS HIGHEST is still 1/2 of yours DURING A SUPPOSED BOOM TIME and we're coming out of recession and you are going in.
    My guess it RGs will look back on only 50% of the population in poverty and think it was just a fable the last generation made up.

    Jun 03rd, 2013 - 06:39 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    Yes, that's a great consolation, go tell them your poor neighbors “well you are poor here but if you imagine you are in argieland, you are middle class!”

    I'm sure that will lenify their angst.

    hahahahaha, what a fool.

    Well if that logic works, then what 50% poverty in Argentina? First of all a lie (not even the most anti-gov stats say that), and those 25% who are poor... well, they just need to imagine they live in Brazil, Mexico, Colombia, or Venezuela and they are now Middle Class~~!!

    Heck, just imagine you live in Asia or Africa and you are rich!

    Jun 03rd, 2013 - 06:44 pm - Link - Report abuse 0
  • yankeeboy

    You don't have very good reading comprehension my boy. That is not what was saying.
    We do have poor here, like everywhere in the world but our poor would be considered middle class just about anywhere else. They don't need consolation they need to get up and work or invent something. They live in the land of opportunity and if they can't make it here it is their own fault. I don't feel sorry for them at all.
    I didn't grow up poor nor rich either, but when I lived in your country I hobnobbed with the top of the top of your society. I went places and met people you'd only read about. It was fun to big a big fish in a small pond for awhile until it made me sad.
    Now I am just an above average guy that works everyday and loves what I do.
    Too bad you'll never have that opportunity.

    Jun 03rd, 2013 - 06:52 pm - Link - Report abuse 0
  • Think

    (77) yankeeboy
    You say...:
    “ I hobnobbed with the top of the top of your society.”

    I say...:
    No you didn't, Mr. Fred Bates, shoe salesman from New York......
    You hobnobbed with some gay cokeheads...., one of the prettiest one a suicidal window jumper....
    You didn't even come close to the “Top of our Society”, Mr. Fred Bates....
    I would surely remember your shiny, bold yankee head :-)))

    Jun 03rd, 2013 - 07:04 pm - Link - Report abuse 0
  • Troy Tempest

    78 think

    Tell us who YOU are then, let's out YOUR life to ridicule.

    Jun 03rd, 2013 - 07:13 pm - Link - Report abuse 0
  • Think

    (79) Troy Tempest

    I'm Titan...... from Titania. ;-)))

    Jun 03rd, 2013 - 07:22 pm - Link - Report abuse 0
  • Joe Bloggs

    80

    ...and Doveroverdover and Surfer and A Voice and ....

    The only poster on here with more personas than you is Tobias, TTT, Pope John Paul and Trolley, etc. Admittedly he's off the scale compared to you though.

    What's on this weekend? Fishing in Patagonia, impressing the young officers at the Legion or just sitting in your pathetic council flat wherever it is in Europe hoping the warm weather lasts.

    Credibility check anyone?

    Chuckle chuckle.

    Jun 03rd, 2013 - 09:44 pm - Link - Report abuse 0
  • Heisenbergcontext

    72:Thanks for responding. You have a point, the protections workers are afforded and from which I have personally benefited are generous in this country and for that I am grateful. I was born in Tanzania and also lived in Kenya for a while in the 70's and witnessed the grotesque disparity between the truly rich and the abject poor and the inevitable resentment this inspired. If indeed what Argentina is trying to achieve is something similar in the way of a safety net for the most vulnerable then I can only wish you all the best of luck - but is there no other way to achieve it? Controlling every aspect of society seems counterproductive to me, I can't imagine Argentines like been told what to do anymore than anyone else does. You can't make people be more compassionate or be better citizens -there has to some incentive other than dire warnings, punishments and excessive legislation. By the way I may have given the impression I'm some sort of Rupert Murdoch fan (either that or you're attempting to get under my skin) - for the record nothing made me happier than when he decamped to the big apple and became a Yank -the're welcome to him. I do love newspapers though and anyone who can manage to keep publishing them earns my gratitude.

    Jun 03rd, 2013 - 10:49 pm - Link - Report abuse 0
  • Leiard

    The puppet masters are working overtime I see.

    We now have “Heisenbergcontext” from where ? - I see no cruise ships.

    Whatever happened to “Sussie US” ?

    Who is the real “Stevie” ?

    Jun 04th, 2013 - 05:51 am - Link - Report abuse 0
  • Troy Tempest

    Stevie = Guzz

    Think = A_Voice
    El Capitano
    Dame Dover
    Surfer
    TTT = Trolley, Toby, Tobias, and a couple of Pope personas at present.
    that will change, of course.

    Jun 04th, 2013 - 06:09 am - Link - Report abuse 0
  • Heisenbergcontext

    83 Leiard: Perhaps you can explain a bit further: I have no idea what a 'puppet master' is in the context of this particular forum. I assume from your tone that this is in some way undesirable. If you want to know where I am from all you have to do is find your way to post 61. If this is too challenging for you I'll repeat : Adelaide, South Australia, Australia, post code 5085. As for cruise ships I have no idea what you're referring to. In this part of the world we are well known for our Magic Mushrooms, bad-tempered football fans dope-growing skills and wine (the Barossa Valley). It sounds to me that you may have had some familiarity with at least the mushrooms.

    Jun 04th, 2013 - 08:13 am - Link - Report abuse 0
  • Captain Poppy

    Troy is that who you believe A_Voice is....think? It was trying hard to the the Brits and real Americans divided.......lol. They are a sad lot always needing new identities.

    Jun 04th, 2013 - 09:18 am - Link - Report abuse 0
  • Troy Tempest

    Poppy

    A_voice has many common traits with Think.

    - interacts with Think, is backed up by Think
    - travels closely with Think, appearing simultaneously on the same threads
    - Think writes from the perspective of Northern Europe and claims Scotland as his home ( inconvenient politically to say he lives in England), but he is very vague about his situation, and provides no details.
    “A_Voice” lets us infer that he is British, as though he lived there, and makes the same cultural references as Think.
    He argues that non-Brits are disqualified from discussing British “affairs”, while implying that he himself is eligible, yet will not declare himself as British - all a bit similar to Think.
    He immediately used the same names and tactics to goad me, as Think and his puppet Dover.
    A_voice suddenly appeared at the same time the Surfer and Dover puppets imploded.
    He has the same Inferiority Complex as Think.

    Jun 04th, 2013 - 04:33 pm - Link - Report abuse 0
  • Think

    (85) Heisenbergcontext
    You say...:
    “Perhaps you can explain a bit further: I have no idea what a 'puppet master' is in the context of this particular forum.”

    I say....:
    If I may “contextualize” the situation, as I see it..........:

    A couple of years ago, tired of a lot of fake Anglo Turnips posing on these pages as “Apologizing, Ashamed and Self-Flagellating Argentineans”, I began to ask them to please translate to “Correct Spanish” a couple of their own sentences.......
    The results where appalling…...... From a couple of dozens of “Angering Argentineans” just one ever passed that test....
    Of course, I dully apologized for doubting him....

    As a “counter-move” some posters in here began to conjecture that dog-loving Mr. Think is a kind of “Swedish Puppet Master a la Mr. Blofeld” http://www.007museum.com/max_von_sydow2.jpg
    manipulating these pages from his humble Patagonian shed through different sock-puppets ….

    It seems now to be your turn to be accused of being……………...........….. me.
    Expect a lot of indiscreet questions from the Turnips about your “Ozzieness” ;-)))

    Jun 04th, 2013 - 05:11 pm - Link - Report abuse 0
  • Troy Tempest

    @88think aka Dover aka surfer aka A_Voice aka ???

    Think,
    Personally, I had not even questioned Mr. Heisenbergcontext.
    However, obviously some have.

    I really hope that nobody is falsely accused of lying or “sockery”.

    That being said, it IS going to happen.
    The trolls like Think, “A_Voice”, etc., deride us for suspicion and paranoia. They chide us for chasing shadows, asking questions, but as it turns out, Mr. “Think” has recently revealed that his caustic “Brit”, RN (Ret.) Doveoverdover, was a puppet, a fake persona. The same for “Surfer”, an apparent “Anglo” or Anglo- ally. Both characters crafted and controlled by “Think”.

    MP may be short-sighted by not limiting more than one user-ID from the same email address or IP address, but Think has taken advantage of this and abused the MP forum by misrepresenting himself as multiple separate Users.
    He has used this to deliberately discredit legitimate Users and the information they post.
    He deliberately and maliciously created a climate of suspicion, distrust, and used it to spread misinformation.

    Currently, there are no “Anglos” being accused of “puppetry” or multiple identities.

    There ARE people who will be wrongly accused of not being 'legitimate'.
    Not surprising in the atmosphere of suspicion and doubt deliberately created and exploited by “Think”.

    I don't feel it is unreasonable, paranoid, or unfair to doubt someone, given the lengths that Think and trolls have taken to deceive.

    It is very difficult to establish one's legitimacy on this type of forum, but the “Anglos” seem to be far more forthcoming and consistent about themselves than “characters” like “A_Voice” who is very evasive about his origins, allegiances, and motivations.

    Jun 04th, 2013 - 06:09 pm - Link - Report abuse 0
  • Captain Poppy

    You know Troy.....they are all sick in the head....seriously sick. It's one thing to have believes and totally another to have multiple personalities.

    Jun 04th, 2013 - 06:16 pm - Link - Report abuse 0
  • Think

    Ok.....Ok..... I confess
    I'm Troy Tempest......
    (and Phones.... and Marina:-)

    Jun 04th, 2013 - 06:25 pm - Link - Report abuse 0
  • Troy Tempest

    91THINK

    You will never confess that you have a flawed character,

    yet here you are, creating more.

    Jun 04th, 2013 - 06:47 pm - Link - Report abuse 0
  • Think

    TWIMC
    ANYBODY in here with an unflawed character......... please stand up :-)

    Ps:
    Black market dollar down again, again, again, again today.... to 8.50 Pesos.

    Jun 04th, 2013 - 06:52 pm - Link - Report abuse 0
  • Troy Tempest

    8.50 ??

    You said it was dropping when it was at 8.45

    Now, after throwing millions of $$ at it, the level has risen !

    LOL !!

    BTW,
    Hitler had a “flawed character” and CFK has a “flawed character”, that does not mean its ok for THINK to have a ”flawed character(s)“.

    A bit like saying, ” Spain didn't respect UP 's Self Determination, so it's ok for Argentina not to respect the Falklands Self Determination”.

    - or maybe you don't 'get' that concept?

    Jun 04th, 2013 - 07:16 pm - Link - Report abuse 0
  • Think

    Adolf, Cristina and El Think......
    What a sandwich!

    Jun 04th, 2013 - 07:23 pm - Link - Report abuse 0
  • ChrisR

    But TMBOA wouldn't know which way to turn!

    LOLs

    Jun 04th, 2013 - 07:57 pm - Link - Report abuse 0
  • Heisenbergcontext

    88:My head hurts. Blofeld was Swedish? Damn!

    Jun 04th, 2013 - 10:23 pm - Link - Report abuse 0
  • Think

    97: And English too
    http://www.youtube.com/watch?v=JfUM5xHUY4M
    Chuckle chucle©

    Jun 05th, 2013 - 04:26 am - Link - Report abuse 0
  • Heisenbergcontext

    89: Troy Tempest
    Limiting everyone to one id user does seem to be the obvious solution.

    Jun 05th, 2013 - 05:16 am - Link - Report abuse 0
  • Think

    99: Heisenbergcontext
    Two minds, two thoughts...
    Exactly what I suggested MercoPress's owner long ago...
    His “Technical Dpt.” said that it was quite difficult though...

    Jun 05th, 2013 - 07:37 am - Link - Report abuse 0
  • Troy Tempest

    100thinkedover

    “Exactly what I suggested MercoPress's owner long ago...
    His “Technical Dpt.” said that it was quite difficult though...”

    It was obviously the fault of Mercopress that you created at least two false identities which you used maliciously for over a year, right?

    Jun 05th, 2013 - 12:31 pm - Link - Report abuse 0
  • Think

    Once again for the “101” Turnip….:
    I ain’t got no “aliases”, no “nome de plume” neither….
    (Please notice the quadruple negative)

    Jun 05th, 2013 - 12:58 pm - Link - Report abuse 0
  • Heisenbergcontext

    102: Think

    Forgive me (or not ) for pointing this out Think, but you don't exactly inspire a lot of confidence on this particular subject. You're having far too much fun than I expect is good for you.

    Jun 05th, 2013 - 02:09 pm - Link - Report abuse 0
  • Think

    (103) Heisenbergcontext

    Very well pointed out, as usual with you, Mr. Heisenbergcontext...
    More than enough fun to be have here for old & frail Mr. Think...
    No need at all for any “aliases”...
    Nor “nomes de plume”...
    Not at all...

    Jun 05th, 2013 - 02:40 pm - Link - Report abuse 0
  • Captain Poppy

    “More than enough fun to be have here for old & frail Mr. Think...”

    Did you mean had and not have think/A_Voice?

    Jun 05th, 2013 - 03:53 pm - Link - Report abuse 0
  • Troy Tempest

    102thinkedover

    ”Once again for the “101” Turnip….:
    I ain’t got no “aliases”, no “nome de plume” neither….
    (Please notice the quadruple negative)“

    THINK

    You have already” run“ two aliases for over a year, you were caught ”red”handed, despite doing your best to avoid detection.

    Who knows what else, who else you have, currently.

    However, you are very insistent:

    http://youtu.be/xdHmzPhuoF8

    Jun 05th, 2013 - 04:03 pm - Link - Report abuse 0
  • Think

    Once again for the 101 Turnip at (106)….:
    I ain’t got no “aliases”, no “nome de plume” neither….
    (Please notice the quadruple negative)

    Jun 05th, 2013 - 04:52 pm - Link - Report abuse 0
  • Troy Tempest

    107thinkedover

    LOL !!
    Next you'll say, “I'm telling the truth this time!”

    Think, you have no integrity and no credibility, and your record speaks for itself.

    As the Americans say,

    “Have a nice day”

    Jun 05th, 2013 - 05:29 pm - Link - Report abuse 0
  • Think

    Once again for the 101 Turnip at (108)….:
    I ain’t got no “aliases”, no “nome de plume” neither….
    (Please notice the quadruple negative)

    Jun 05th, 2013 - 05:49 pm - Link - Report abuse 0
  • Troy Tempest

    With apologies to Shakespeare, “Methinks the lady doth protest too much”

    :-)

    Jun 05th, 2013 - 05:57 pm - Link - Report abuse 0
  • Think

    (110).....And yet another Anglo turnip that has not the slightest idea about what that Shakesperean sentence really means.....

    Jun 05th, 2013 - 06:16 pm - Link - Report abuse 0
  • Captain Poppy

    Watch it Troy.....Stink and Ass_Vocie have a thing for grammar and typos, despite the fact that their own leaves one pause. He can do some seriopus damage to ones self confidence by attacking your grammar and style because afterall, stink and Ass_Voice cannot defend the Bolivarian commies.
    Troy did you read they are rationing food in Venezuela now? But the government claims it is not rationing, it is a means to control contraband food items.......like chicken, rice, flour etc.........tolet paper must be on that list too.

    http://news.yahoo.com/rationing-begin-venezuelan-state-172641854.html

    Argentina....take a close look at Venezuela. Ahhh and Chevron won at the Supreme Court against Argentina.

    http://news.yahoo.com/rationing-begin-venezuelan-state-172641854.html

    Stick and Voice.......come on down, it's your turn to spin !

    Jun 05th, 2013 - 07:19 pm - Link - Report abuse 0
  • Troy Tempest

    112 Poppy

    “Watch it Troy.....Stink and Ass_Vocie have a thing for grammar and typos, despite the fact that their own leaves one pause. He can do some seriopus damage to ones self confidence by attacking your grammar and style because afterall, stink and Ass_Voice cannot defend the Bolivarian commies. ”

    Poppy

    Thanks for the “solidarity” *wink*

    This really has devolved into nothing more than Think saying,
    “I do not !! I do not!!”
    LOL !!

    He just cannot resist a game of “one-upmanship”.
    What an insecure narcissist.

    If I were to imagine Thinkedover at home, he would be repeating to himself over and over again,

    “Mirror, mirror,
    on the wall,
    who is cleverest of us all... ?”

    :-)

    Jun 05th, 2013 - 08:12 pm - Link - Report abuse 0
  • ChrisR

    113 Troy Tempest

    But you must remember the qualifications that The Chief Carrot has that make him so emminently suitable for this role:

    He has a 1954 French / Russian (hacked) Pilots Watch which is correct twice a day.

    LOLs

    Jun 05th, 2013 - 09:20 pm - Link - Report abuse 0
  • Troy Tempest

    ChrisR

    LOL

    I'm sure it was given to Think by Nikita Khrushchev, as an expression of his personal “thanks”.

    Sure, Think.

    :-)

    Jun 05th, 2013 - 09:32 pm - Link - Report abuse 0
  • Captain Poppy

    I think he developed the A-Voice because traditional Think is going to hibernate for a while again. They seem to play tag team with themselves. They even have personalities that give one another compliments. The craziest part it this......the do not see the insanity in it. I think they believe they are patriotic in some strange way..........like an airborne ranger or something.

    Jun 06th, 2013 - 12:57 am - Link - Report abuse 0
  • Ayayay

    @15 lol

    Jun 06th, 2013 - 04:36 am - Link - Report abuse 0

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