On 12 May 2022, the Argentine Senate approved Bill 535/22 for the creation of a national fund for the repayment of debts to the International Monetary Fund (IMF), which would be funded by a new special tax on individuals and companies with unreported foreign assets. The bill must be approved by the Chamber of Deputies before being enacted into law. The special tax will be levied at a general rate of 20% on the value of unreported assets if declared and paid spontaneously and voluntarily with…