Javier Milei courts hidden ‘mattress dollars’ with plan to ease tax rules

Javier Milei courts hidden ‘mattress dollars’ with plan to ease tax rules

Reforms aim to coax estimated $271bn of undeclared Argentine cash back into formal economy

While preparing another money laundering to reward the evaders where the origin of the funds does not matter, the president proposed that "the one who could pull out (from taxes), great" and that those who contributed "maybe did not have the talent or the guts to get out of the system." The kingdom of the reverse: while the rich evade and are rewarded, the workers and popular classes are the ones who pay the most taxes. President Javier Milei ag…

The President avoided talking about times for the implementation of the initiative, although he said he would allow people to use undeclared currencies "without leaving their fingers marked." Read more

He assured that the objective is not tax collectors, like the previous money launderings, but rather "liberate" the citizens. The Milei entry defended the plan he will launch to use the dollars "from the mattress": "I don't care where they got them" was first published in #BorderJournalism.

Writing Open Channel Javier Milei confirmed the official plan that seeks to encourage the use of undeclared dollars in daily consumption. An initiative that, according to his words, will allow Argentines “to use dollars without leaving their fingers marked.” This “tax-free laundering”, of which the details are not yet known, raises alarms about the risks of facilitating the laundering of money from illicit activities, such as drug trafficking, …

President Javier Milei provided some details this Monday about the measures the government will announce in the coming days to encourage Argentines to invest in the financial system some of the approximately $200 billion that, according to estimates, remain outside the legal circuit. The President defended the scheme they are preparing to enable the use of undeclared dollars without controls or penalties and made it clear again that he is not co…