Quote:
Originally Posted by EMR
The Government just announced the amnesty law for the repatriation of funds back to Argentina (for those keeping offshore to evade taxes) includes real estate. It includes construction, purchases of used and new apartments, houses, commercial locals, and much more. Here is the article. This will help increase demand for blue chip properties because there is substantial funds outside of Argentina and with the amnesty, people will bring it back into hard assets. Very good news for the real estate market.
http://bit.ly/jG1Nw |
Do they consider all funds held offshore to be only for the reason of tax evasion? Do they also not consider that people hold them offshore for asset protection also so that greedy lawyers can not get ahold of them?
David
