Portia Justice rejected precautionary measure on financial planning system – economic, financial and business news

Justice bear He refused the precautionary measure introduced by the Buenos Aires Professional Council of Economic Sciences Questioning Tax planning information system Determined by the Federal Public Revenue Administration (AFIP).

The procedure was approved by a federal judge Martin Cormick, In charge of Federal Administrative Litigation Court No. 11And according to which General Resolution No. 4838 Issued within the framework of the competencies and powers granted to the Authority Headed by Mercedes, Marc Del Ponte.

Acting sources confirmed that “the information system that seeks to obstruct the claim of a sector of economists is prof Globally used tool to reduce opacity, prevent evasion and prevent money laundering.

They confirm from the AFIP that these information systems are standard practice among tax administrations all over the world, because they allowVerify that taxes are entered into in jurisdictions where taxable events are actually completed“.

Last Friday, February 5th The Buenos Aires judge had already announced the “summary” of the Buenos Aires Economic Sciences Council’s presentation, Leave the precautionary measure nested without effect, so that General Resolution 4838 on financial planning has already been made It is in effect in the Buenos Aires region.

Last Friday, February 5, the Chief Justice of Buenos Aires announced that the Buenos Aires Council of Economic Sciences presented a “summary.”

According to the judicial decision of the port justice issued now, the regulations “are imposed The obligation to report tax planning to the tax advisor as a stand-alone obligationBut it is also true that the above can be covered by professional secrecy, which is a limit imposed by the decision itself to protect professional secrecy. In addition, on another basis, the only person authorized to exempt him is the taxpayer himself. ”

When the Professional Council of Economic Sciences Portio’s proposal is rejected, Controversial Federal Administrative Court No. 11 affirms that “the Federal Public Revenue Administration Extensive powers of verification at any time, inclusive, in relation to current financial periodsThe commitment of the obligated and responsible parties, through their officials and employees, to the laws, regulations, decisions and administrative instructions, Monitor the condition of any alleged official“.

at United State, The Unin Europea, The United kingdomAnd the SudfricaAnd the Canada s Mexico A system similar to the one promoted by AFIP is in effect.

In the United States, the European Union, the United Kingdom, South Africa, Canada and Mexico, a system similar to the one promoted by the AFIP is in effect.

They emphasized at the AFIP that the Financial Transparency Initiative, which CABA’s Professional Council for Economic Sciences has questioned, has been highlighted by international organizations such as the UK’s Tax Justice Network (TJN). “Argentina continues to progress to be at the forefront of transparencyTJN experts point out.

Tax planning systems allow for tax agencies You have early information about tax evasion schemes or potential maneuversThus, “focus audits more efficiently,” says TJN.

Moreover, they help tax administrations Identify gaps or gray areas in the legislation, Which undoubtedly can be modified and modified to benefit the group.