The Argentine government kickstarted a plan to lower taxes and loosen reporting requirements for everyday transactions, urging people to use the U.S. dollars they hide “under the mattress.” 

The project is called “Historic Reparation for Argentines’ Savings,” and it was announced on Thursday by presidential spokesman Manuel Adorni, Economy Minister Luis Caputo, and Central Bank head Santiago Bausili. It will consist of two stages: a decree, which will be issued May 23, and a bill that will be sent to Congress, with a date to be confirmed.

Critics have said the measures could incentivize money laundering and tax evasion since Caputo and President Javier Milei first spoke about them earlier this........

© Buenos Aires Herald