First Argentina with Monaco, now Andorra counts themselves in.According to Dow Jones, Argentina has signed an agreement with Andorra to exchange banking information to track down Argentines with cash hidden in overseas tax havens.
The agreement between Argentina and Andorra followed a similar deal signed earlier this month with Monaco. These deals are a part of a drive to catch tax cheats after the Aug. 31 end of an amnesty program for Argentine companies and individuals with hidden funds and unpaid taxes.
Argentina also has other countries in mind to follow, with hopes to sign similar agreements with Costa Rica, Cayman Islands, Bahamas, Dutch Antilles, Aruba, Barbados and Jersey, the national tax agency AFIP recently stated.
According to varied estimates, Argentines have well over $100 billion in funds invested overseas.
Being so, Argentinian officials have made it a priority in their agenda to investigate.
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