Calling all PD Argentine tax evaders out there. Well, you didn’t do your patriotic duty and cough up those few pesos asked of you by your government. President Cristina Fernandez de Kirchner understands, and as we and David Cameron all know, Madame Presidente is nothing if not reasonable. Therefore Cristina Fernandez de Kirchner has a very reasonable offer for you.
Buy government bonds or go to jail.
That’s right, enough of the world has realized what a scam government bonds are that in order to get them sold at auction a few incentives need to be added, and Cristina Fernandez de Kirchner is all over it.
She is nice enough to give a lovely three month window, to those citizens making up the over $160 Billion (about 36% of Argentina’s GDP) “owed” to the government, for coming clean and given them a chance to redeem themselves in the eyes of their comrades. How you ask? Through purchasing YPF bonds with that dirty currency.
Those that decline this generous offer will not pass Go, and will instead be sent directly to jail.
There will be nowhere to hide as the government begins to cross-check all information on income and personal wealth reports with purchases of real estate assets, cars, and foreign travel, along with any and all credit card purchases.
The Head of the Argentina Tax Agency, Ricardo Echegaray, was quite clear on that prospect, “You better bring your dollars back because we will find you.”
If however you agree to purchase the bonds, then you will be absolved of all tax evasion sin, and you and your family will receive full immunity from any further prosecution or penalty fees.
With a government that’s met their promises to cut costs so well that inflationary rates have only exploded by 10% since last year, why wouldn’t you trust them to make good on this offer?