Argentina sees tax amnesty boosting economy

Source: Reuters
By: Saul Hudson

A tax amnesty in Argentina covering undeclared assets could provide as much as $80 billion to help kickstart the economy while also reducing the government's need to issue debt, policymakers and bankers told Reuters.

The amnesty allows Argentines to disclose previously undeclared funds held abroad or at home and be taxed at a preferable rate if they invest them in the country. The amnesty runs to the end of 2016.

That could lower the amount of debt the country needs to issue, Finance Minister Alfonso Prat-Gay told a Reuters Summit on Argentina on Wednesday.


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