The Federal Administration of Public Funds (AFIP) has established a system to exercise a tighter control over football players’ transfers in the Argentine A and B leagues. The move comes days after the head of AFIP, Ricardo Etchegaray, denounced the existence of a triangulation scheme whereby players were being transferred to and from other countries through Chilean and Uruguayan teams to avoid paying taxes.
According to the tax office, “the aim of these kinds of maneuvers is to make it difficult for the treasury to determine the corresponding taxes, and are not transparent in terms of showing the circulation of funds involved in the operation.”
Today, AFIP released a “dynamic list of sporting tax havens” which includes those foreign clubs involved in operations of triangulation. Whenever a player is transferred to a club on the list, their case will be investigated. The list so far includes clubs from Uruguay, Chile, and Switzerland.
On Tuesday, AFIP closed in on players Jonathan Botinelli, who was being transferred to River, and Ignacio Piatti, who was being transferred to San Lorenzo, using this triangulation scheme. It then requested AFA (Argentine Football Association) to suspend the players while the investigation on alleged money laundering and tax fraud is being carried out. According to Clarín newspaper, AFIP would have also requested that a further 35 players, whose transfer deals are suspected, be suspended.
This afternoon, the tax office also suspended 146 football agents who are being investigated for allegedly participating in “situations of capital flight related to money laundering.” The names of the agents were also forwarded to AFA, for the association to apply the necessary disciplinary measures. In a press conference, Etchegaray announced that the banks involved in triangulation maneuvers will also be investigated.
Etchegaray requested AFA take administrative measures to discourage these type of practices and “the consolidation of shady business schemes.” In a letter sent by AFIP to the football association, they indicate that they are trying to determine the existence of “illegal associations who carry out tax evasion, capital flight operations, and money laundering… using football players and clubs as necessary elements for the perfecting of these maneuvers.”
Clubs will now also have to fill out special forms available at the AFIP website whenever buying or selling players, and the players who are freed from their contractual obligations with clubs will need to notify the tax office within ten days. The aim of these measures is to exercise a tighter control over these transactions to avoid tax evasion.
The football clubs have protested AFIP’s intervention, saying that what they do is legal and common practice in the industry. According to Clarín, some clubs have threatened to cancel this weekend’s games if the football players affected are suspended.






