MP Roberto Feletti.
The head of the Lower House Budget and Finance Committee Roberto Feletti considered that the whitewashing bill will allow the entrance of “around 5 billion dollars” into Argentina’s market. For the MP, the government is “fighting a historic battle to block” what he called a “market coup.”
Recalling that the 2009 whitewash move brought 4 billion dollars back home and created 35,000 taxpayers, Feletti estimated further expectations. “Everything is set to believe that such figures will be beaten. I have expectations of 5 billion dollars entering the country,” he told reporters from a local radio station.
“This measure is the necessary step of an economic policy that has been successfully outlined since last year to strengthen external accounts,” the Victory Front lawmaker affirmed rejecting positions that say the government’s move will turn Argentina into a “tax haven” and accusing economic groups of fueling capital fight.
“(The decision) was taken facing the logic of big economic groups that make profits in Argentina in pesos, turned them into dollars and take them out of the country,” he stated describing a practice that, he added, led to “recurrent crises in the past as well as indebtedness.”
buenosairesherald.com