Argentina to introduce tax amnesty bill targeting undeclared foreign currency holdings

Economy Minister Luis Caputo is set to present legislation aimed at incentivizing the repatriation or formalization of 'mattress dollars'—private cash savings held outside the banking system. The bill proposes relaxing 'significant discrepancy' tax enforcement and providing regulatory relief for participants through banks and the Financial Information Unit (UIF). Success depends on public trust in the government's fiscal stability and the specific tax incentives offered.