Virus relief tax takes effect in Argentina Afp, Buenos Aires Afp, Buenos Aires
A one-off tax on Argentina s richest people to help pay for medical supplies and relief for small businesses battered by the global coronavirus pandemic entered into force on Friday.
A law passed by the Senate in December by a vote of 42-26 approved the levy on people whose assets exceed 200 million pesos (about $2.3 million).
The center-left government of President Alberto Fernandez hopes to raise about $3 billion from taxing the richest 12,000 of Argentina s 44 million inhabitants.
More than 40 percent of the country s population lives under the poverty line.
Starting Friday, the national tax authority is authorized to start calculating and claiming the amounts due.
Millionaires tax for virus relief takes effect in Argentina
Issued on: 2 min
Buenos Aires (AFP)
A one-off tax on Argentina s richest people to help pay for medical supplies and relief for small businesses battered by the global coronavirus pandemic entered into force on Friday.
A law passed by the Senate in December by a vote of 42-26 approved the levy on people whose assets exceed 200 million pesos (about $2.3 million).
The center-left government of President Alberto Fernandez hopes to raise about $3 billion from taxing the richest 12,000 of Argentina s 44 million inhabitants.
More than 40 percent of the country s population lives under the poverty line.
1/11/2021
By Maximilian Heath
BUENOS AIRES, Jan 11 (Reuters) - Argentine farmers said on
Monday they would continue their ban on selling crops despite
the government s decision to amend the corn export suspension
that has triggered a sales strike in the South American grains
powerhouse.
The government replaced the two-month export suspension with
a temporary daily limit of 30,000 tonnes of corn that can be
sold into the international market. But the country s main farm
groups said they objected to the new policy as well. For us, it s the same, said the president of the Argentine
Rural Society (SRA), Daniel Pelegrina, in an interview with the