Begin to pay the bonds for tax evaders

More and more residents of Argentina with hidden funds abroad.
show an interest in the project bond market which has started for them the country in an effort to increase state revenues.
Argentina wants to sell government bonds worth up to 8 billion. dollars at a zero interest rate to those who have hid funds abroad and now want to bring it back. This is primarily for bonds with three-year and seven-year duration.
This program has been implemented from 1 August. There is also the option to pay a fine equal to 10% of the funds declared. “We receive thousands of requests for expressions of interest from people who have decided to declare funds,” said Bloomberg Nicholas Τσιέσα, strain the stock company Balanz Capital.The high interest on the government bonds of the country has lead to a reduction of the interest rates of these bonds. In accordance with the program, the three-year bonds will be sold in the secondary market prior to maturity, while buyers of the bonds seven-year term should be the level of probability-at least until 2020.
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