Argentina Exempts CBI Citizens From Automatic Tax Residency in New Law

[PhilipDT]

Great news for Argentina's new upcoming Citizenship by investment program.

Argentina Exempts CBI Citizens From Automatic Tax Residency in New Law - IMI Daily

Argentina has addressed what practitioners called the CBI program's single largest fiscal obstacle: Automatic tax residency.

www.imidaily.com

 

[naked]

Without this change I doubt any wealthy would want Citizenship here because they would be taxed on worldwide assets.

 

[njexpat]

I just read this update about it. It sounds like unless they exempt people from paying worldwide asset tax this isn't worth getting for anyone with $$$.

Argentina CBI Program Winner Announced

Argentina selects four-firm Consortium to run its new Citizenship by Investment program

www.bowtiedmara.io

 

[Finance Prof]

I just read this update about it. It sounds like unless they exempt people from paying worldwide asset tax this isn't worth getting for anyone with $$$.

Argentina CBI Program Winner Announced

Argentina selects four-firm Consortium to run its new Citizenship by Investment program

www.bowtiedmara.io

Let's be honest. No high net worth person is going to even consider Argentina unless they remove that worldwide asset tax off. You would be crazy to get citizenship there and be on the hook for worldwide assets everywhere around the world.