23:45 GMT08 August 2020
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    The United States and Argentina are planning to conduct talks toward a treaty that would facilitate the sharing of tax data between the countries, the US Department of the Treasury said in a press release on Monday.

    WASHINGTON (Sputnik) — The countries "will carry forward our work to negotiate a comprehensive [treaty], including provisions that allow for the exchange of tax information," US Treasury Secretary Jack Lew said at a meeting in Buenos Aires with Argentina’s minister of treasury and finance, Alfonso Prat-Gay.

    In 2015, Argentina implemented the amended Convention on Mutual Administrative Assistance in Tax Matters, which outlines rules on sharing tax information among 50 countries. The United States is a party to the original 1995 agreement but has yet to ratify the amended version from 2010.

    Lew invited Argentinian officials to visit the Treasury Department in Washington next week to initiate the tax-data-sharing talks.

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    taxation, Argentina, United States
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