The head of the Financial Information Office(UIF in Spanish) José Sbatella today warned that non-declared dollars are a “black market investment factor” that creates “illegal activities” and “eases tax offense.”
“That money plays as a black market investment factor and continually creates illegal activities to ease tax evasion. That is the philosophy that lies behind the whitewashing” bill sponsored by the national government,» Sbatella told media.
“Landlord middle-class in Argentina works this way: they overthrow a Government, they leave the country and only return when devaluation is done so that they can but everything half-price”, the official said as he defended the project that will be addressed by Congress tomorrow and assured funds’ origins to access the whitewashing move will be investigated.
Source: Buenos Aires Herald