A former official in Cristina Kirchner's government proposed a 'cash tax' equivalent to 10%. During a television interview, Emmanuel Álvarez Agis, the former Deputy Minister of Economy, explained that the goal of this measure would be to encourage consumers to 'induce commerce to legalize itself'. He gave a practical example of how this tax would work: 'I go to the ATM, I put in $1,000 and $900 comes out'. He also emphasized that the implementation of the new tax contemplates the elimination of the Check Tax, focusing on promoting formalization not only in companies but in general, by shifting the demand for digital operations to the end consumer. The Deputy Minister of Economy, José Luis Daza, criticized Emmanuel Álvarez Agis, who held the same position during Cristina Kirchner's second government, for the 'cash tax' he planned to implement. The second-in-command under Luis Caputo stated that what Álvarez Agis is proposing is an idea 'as toxic as it is destructive'. Through his social networks, the official detailed the negative points of the tax: 'It destabilizes the banking system, especially punishes the poorest (who use more cash), discourages the necessary banking development for growth, encourages 'creative' tax evasion, and incentivizes buying dollars to keep them 'under the mattress'... and much more'. Daza wrote on X: 'Argentines have suffered from bank freezes, confiscation of savings, and the silent theft of inflation. Now this?'. He added that people would 'run out of the banks' because the percentage retained would keep increasing. 'Do you think it will stay at 10% or will Argentines wonder why not 20%, 30%... 90%?'. 'Ideas like this are the ones that have caused poverty, underdevelopment, instability'.
