Eliminate Tax Evasion by Digitizing the Full Fiat Currency Supply
A offer to exclude the physical representation of the Argentine peso, to simplify certain land operations and reduce duty elusion, was presented by former banker Carlos MarÃa de los Santos. The plan, linked as the Argentine Digital Peso, also predicts that its perpetration will lower levies and bring a fat to Argentina's frugality.
On November 4, Carlos MarÃa de los Santos, once Argentine banker and chairman of the formative Addition Foundation, unveiled a offer called Argentina Digital Peso, which would include barring physical representation of the currency in Argentina and digitizing all profitable exertion.. De los Santos explained that the perpetration of this plan, which will be at no fresh cost to the Argentine state, will allow banks to cover all deals made by subjects.
Bank account data will replace physical bills, shops and commerce will have to calculate entirely on similar data to control fiscal deals. In this sense, this ground rule will bring about the benefit of nearly barring duty elusion, citizens' deals will be available for review by enforcers.