AFIP threatened alleged evaders with $1,000 million

According to the organization led by Carlos Castagneto, the information related to the 2019 financial year period of people who owned assets in those countries. Paid less income tax than was due, or did not pay at all. These are 359 taxpayers who owe $1,000 million in taxes.

Data processing is not easy to determine whether a person has not paid the amount owed to the tax authorities. As explained by Gabriel Herminda, from Aaron Studios, “These are 2019 data obtained in 2020.” In other words, it takes almost two years to analyze the AFIP information And a taxpayer can establish if there are discrepancies in their returns.

Yes right The figure involved is small (representing 0.006% of the overall collection till November this year), It is necessary to go to AFIP The guideline establishes that it is convenient for taxpayers to declare all assets abroad because, in some way, the data will reach the Treasury sooner or later. “AFIP has developed respective electronic audits of those taxpayers so that they incorporate the missing foreign income in their tax returns,” the official said.

Tax administrations of 135 countries that have signed the agreement within the framework of the Organization for Economic Co-operation and Development (OECD) to take into account the dimensions of data handled globally. They exchange information on 111 million financial accounts, representing 11 trillion euros in assets per year. Argentina estimates that it has 100,000 million US dollars in undeclared assets outside its borders.

Hermida explained that agreements signed within the framework of the OECD require governments to transmit income information on the accounts of citizens abroad within a fiscal period. This year AFIP received data for 2021 and pThe recently signed agreement with the US will be available at the end of 2023 and in 2022 and 2024.

Regarding the contract With the United States, Hernán Letcher, director of the Argentine Political Economy Center (CEPA), said, “It has a positive aspect because if there are undeclared accounts in someone’s name, they will be known.Although it is not 100% informative.” The economist explained it If an Argentine resident owns a corporation in the state of Delaware, the corporation’s accounts are not reported. But still considered progress.

In another aspect, in terms of financial control The OECD is currently developing a new framework for reporting on Crypto Assets. One of the first steps in tax administration globally is digitization to simplify controls.

Although the control of assets abroad in Argentina is related to the idea of ​​”flight”. From undeclared capital or undeclared operations, Globally, these types of agreements seek to prevent large corporations from shifting their profits to low-tax countries through tax planning.. The concept for its abbreviation in English is BEPS (Base Erosion and Profit Shifting).

Specifically, it creates companies in tax havens and transfers profits earned elsewhere to them. According to OECD estimates, developing countries are disproportionately affected by this type of gadget. Annual losses are estimated to be between US$100,000 and $240,000 million.