Argentine Tax Agents To Track All Credit Card BuysSubmitted by emalvini on Fri, 08/31/2012 - 22:45
Argentine Tax Agents To Track All Credit Card Buys
BY MICHAEL WARREN
Aug 31, 4:32 PM EDT
BUENOS AIRES, Argentina (AP) -- Argentina just made it more expensive for its people to use credit cards outside the country, and more dangerous for cardholders who aren't paying all the taxes they should.
One measure published in Friday's official bulletin adds a 15 percent tax every time people make a purchase outside the country using a card issued by an Argentine bank. Another requires the banks to report every credit card purchase, home or abroad, to the tax agency.