New ridiculous tax

There are 9 replies in this Thread. The last Post () by serafina.

  • This is a warning for all members of this Forum.


    I heard this morning in the Longobardi's (AM 790) news that a new, ridiculous and obnoxious tax has to be collected when you have cash and you deposit it in any bank account. The tax is abour to be 1,2 % or perhaps more.

    It seems that the banks had asked it to compensate the management of thousand of Pesos 100 tenders that still are in movement, and have only a value of 4,5 dollars each. (The blame has to be charged to Cristina which never allowed the creation of 500 and 1000 pesos banknotes)

    This is also against the general trend to use banks in all transactions, as the government obliges now that any transaction more than pesos 10 must be accepted using the post-net, to pay with debit cards.

    Therefore, I suggest to abstain to deposit tenders in your bank. Anyway, the market is eager to receive payments with tenders much more than debit cards.

  • It is, as the old Roman said " a contradictio in terminis"

    Many of the bunch of Mr Macri (however he is still the best options) grew up in the bubble of the Cardinal Newman school, with no connection with reality of the "ciudadano de a pié" (the common, pedestrian citizen)

  • Added to which they have added capital gains tax for foreigners investing in Arg bonds which has scared many investors away.

    I seriously think this government has lost the plot and has no idea how to drag us out of this mess. Whatever they do just seems to make things worse - every fucking day!

    But if the only alternative currently remains the K's....

  • But if the only alternative currently remains the K's....

    Even so, Macri and gang have a responsibility to sort out this mess and with the peso in freefall to 23 to the USD, they aren't exactly fulfilling their election pledges are they?

    Inflation at 17%? That was their target and they fucked up by jacking the tarrifs far too hard and far too quickly.

  • There is less and less incentive to make people go through the system: more paperworks, more controls, more taxes...

    If it was simpler to comply with the law than to devise schemes to twist and bend it, it would be like in the States.


    In Italy they are leading the path with the same novel means to fight tax evasion: more taxes "to help more control". But they are just overcomplicating an already complicated system, and getting the bureaucracy behind such controls even more expensive (more people to hire, more IT systems to implement).