A new law project presented in the Argentinian senate proposes a way of paying the debt of more than $44 billion that the country has with the International Monetary Fund (IMF).
). The law, called “National Fund For The Cancellation Of The Debt With The IMF,” implements a system that, if approved, will tax several key elements that Argentinians possess in foreign lands.According to the project, all kinds of properties outside of the country would be taxed, including any amount of fiat currencies, properties, stocks, credits, and cryptocurrencies, constituting an emergency input coming from these undeclared goods outside of the country.
Article number nine in the law proposal declares:The contribution to be paid by the taxpayers indicated in Article 6 will be the one that results from applying, on all the assets object of this law, the rate of twenty percent .This rate applies to all taxpayers declaring these assets voluntarily in the six months after the approval of the law. After this period ends, the rate applied by the law is increased to 35% of the value of the goods, stocks, and cryptocurrency held outside the country.
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