As confirmed by official sources area that Massa hopes that the agreement will be signed before the end of the year. It is not easy and work is being done at both technical and political levels to get a quick signature. “There are only a few weeks left,” says the lawyer.
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“On a technical level, it is closed, the text is agreed and it only remains to sign it,” he told this medium William Michael, Customs Holder. “Massa spoke on the subject yesterday on a political level and the conversation is going very well. The “Power of Attorney” has already been drafted, a decree authorizing Massa to sign it for Argentina. This decree needs to be signed, it’s coming out these days,” said Michel.
Bob Menendez and Sergio Massa
Thus, Massa would be responsible for signing the automatic exchange for the country. Although this is normally a job for the State Department, “full power” allows it to do so. Which agency will be their counterpart in the US is not yet known.
As this outlet has learned, AFIP held new virtual meetings with the IRS last week to confirm everything is online at a technical level, and last week held a meeting with the US Embassy in the country and government officials where the Topic was discussed in the same spirit. For faster processing and to complete the process, a text of the agreement was validated directly in English.
The central aim of the agreement is to uncover tax evasion and undeclared accounts in the USA. According to official calculations, at least it would be $100,000 million that would be in the accounts of Argentines in this country. The aim is to collect personal wealth tax on the money that is not taxed in the country and the income from the interest they generate.
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The candidate for national deputy for the Frente de Todos, Sergio Massa in the US, spoke about Argentina’s future and the challenges the country faces during a meeting at the Woodrow Wilson Center there.
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All in all, possibly because of positions, the US has always been very reluctant to finalize the dealthe Argentine government on foreign policy issues, especially when it comes to authoritarian regimes such as China, Russia, Venezuela and Nicaragua, among others.
Along with Menéndez, the Democrat who chairs the US Senate International Relations Committee, there were also Republican senators in Tigre. Rob Portman, Richard Burr Y ben sasse, and the ambassador Mark Stanley. Massa was accompanied by Flavia RoyonSecretary of Energy, and by his international adviser, Gustavo Martinez Pandiani.
The deal
Massa discussed the issue in several meetings he held during his trip to the US in September. He proposed the new scheme at the White House With the National Security Advisor, Jake Sullivan, With Mike PyleDeputy International Economic Advisor to the National Security Council, and with John Gonzalez, Senior Advisor for Latin America. Also in the American Department of Stadiums and Treasury, the body that must leave the final signature of the agreement by the Argentine counterpart.
At the moment, current exchanges with the IRS are “on a case by case” basis, not automatic like those with other countries, but nonetheless the AFIP can count on valuable information in a dropper. The new system would be much more direct and the tax action on undeclared funds would be automatic.