Argentine bill proposes tax on CEDEAR capital gains, drawing investor backlash

CEDEARs have been a risky way for Argentine savers to dollarize their peso savings, one critic says. Under the bill, CEDEARs bought on or after October 31, 2026, would lose their capital-gains exemption; earlier purchases would keep it. Trading gains would generally face a 15% tax, matching the treatment of shares bought directly abroad. The critic warns investors might move their money offshore instead.