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Re: JD400 post# 2587

Tuesday, 05/21/2013 10:22:54 PM

Tuesday, May 21, 2013 10:22:54 PM

Post# of 7366
Interesting Merco article JD, Thx the link
So if only 25% of liquid Argentine wealth is in country per estimate, it is pretty hard to see how a tax amnesty would bring it back to the peso given the inflation and the official exchange rate that would be used. IDK but if I was an Argentine I would already have enough liquid capital in country for working purposes and not looking to repatriate more. Its not like the gov could afford (or have friendly allies in international financial services) to find me if I owned tax on some of it.
OTOH if they are stretching that far for funds (what? repeat something done only 4 years ago and expect an even better result ?) maybe they are getting ready to review the impacts from other things they have been trying recently - now that could help MUX and the Los Azules valuation/sale.
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