This year in Costa Esmeralda, houses were offered for rent in January with prices ranging from $4,000 to $15,000 biweekly. The Civil Social and Sports Association Costa Esmeralda is currently under scrutiny, with 80% of the revenue in the hands of a small group of stakeholders, including companies linked to agriculture that have reported losses due to the need for a more competitive exchange rate.
The Government has decided to conduct an investigation into these companies, instead of devaluing the currency. There is a belief that the houses in Costa Esmeralda are built on land that has been granted under a trust framework, which apparently allows for tax evasion. An investigation is underway to identify potential evaders and take action accordingly.
The Government has created the Foreign Investors Key as part of its strategy to combat tax evasion, which coincides with an increase in tax collection. A discrepancy has been detected between what the homeowners in Costa Esmeralda declare for Income Tax and the actual value of the properties. There is an aim to increase state revenues, and Costa Esmeralda has been targeted as a priority.
Costa Esmeralda, located 18 km from Pinamar in a complex of 1,000 hectares of private neighborhoods, has experienced a 6% increase in rented properties in January compared to last year. The Government generally seeks to reduce state spending to achieve a surplus, considering that a significant part of the economy is unregulated. The investigation focuses on determining whether bankrupt companies cannot or do not want to fulfill their financial obligations.
