{"id":16757,"date":"2016-05-31T14:30:10","date_gmt":"2016-05-31T19:30:10","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=16757"},"modified":"2016-06-01T09:49:34","modified_gmt":"2016-06-01T14:49:34","slug":"mauricio-macri-to-invest-panama-papers-money-in-argentine-bonds","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/mauricio-macri-to-invest-panama-papers-money-in-argentine-bonds\/","title":{"rendered":"Mauricio Macri to Invest Panama Papers Money in Argentine Bonds"},"content":{"rendered":"

\"Mauricio-macri-1-e1449751965299\"<\/a><\/p>\n

The Argentine president encouraged others with offshore accounts to reinvest their money in Argentina’s soon-to-rise economy.<\/p>\n

Argentine President Mauricio Macri will repatriate the US$18 million he holds in Bahamas tax havens into national treasury bonds, and suggested Monday that others should follow his lead.<\/p>\n

Macri said he was confident enough in the Argentine economy to invest in it\u2014with the money the Panama Papers leaked show he hid offshore\u2014telling reporters that, \u201cEach person must do what suits them, and Argentina will do very well.\u201d<\/p>\n

The new president, who has implemented a slew of neoliberal policies<\/a> since taking office in December, admitted last week<\/a> that he holds offshore funds after being mentioned several times<\/a> in the Panama Papers leak. AP reported that he will only repatriate part of his savings\u2014 US$1.3 million\u2014while Argentine media reported the entire US$18 million would be put into bonds.<\/p>\n

Macri is the son of one of Argentina\u2019s wealthiest men, with whom he co-owned a Bahamas-based shell company that was managed by Mossack Fonseca, a Panamanian law first. He is currently being investigated<\/a> for not declaring his role in such offshore companies when he was mayor of Buenos Aires.<\/p>\n

Before holding the money in the Bahamas, Macri said he had accounts in Switzerland and the United States. His net worth, not counting the blind funds, is placed above US$60 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Argentine president encouraged others with offshore accounts to reinvest their money in Argentina’s soon-to-rise economy. Argentine President<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16757","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"\nMauricio Macri to Invest Panama Papers Money in Argentine Bonds - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/mauricio-macri-to-invest-panama-papers-money-in-argentine-bonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mauricio Macri to Invest Panama Papers Money in Argentine Bonds\" \/>\n<meta property=\"og:description\" content=\"The Argentine president encouraged others with offshore accounts to reinvest their money in Argentina’s soon-to-rise economy. 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