Former president of Argentina, Carlos Menem, dead at 90
By (0)
Carlos Menem, who served as president of Argentina for 10 years and worked to combat inflation in the country, died on Sunday at the age of 90. File Photo by UPI
Feb. 14 (UPI) Carlos Menem, who served as president of Argentina for 10 years, died on Sunday. He was 90 years old.
Current President Alberto Fernandezconfirmed in a statement that Menem died at a clinic in Buenos Aires following complications from a urinary tract infection.
Advertisement
Menem took office in July 1989 with the goal of reforming Argentina s economy after his predecessor, Raul Alfonsin, resigned due to a final crisis brought on by hyperinflation.
Argentina weighs taxing rich to pay for pandemic measures
Argentina is planning a one-off levy on multimillionaires to finance pandemic measures. The rich feel squeezed, but many say that s the price of solidarity.
The proposal to tax the wealth of multimillionaires has broad working-class support
In a year of lengthy shutdowns and widespread financial fallout, both chambers of the National Congress have voted in favor of a one-time levy on the 11,865 Argentines whose individual assets add up to at least 200 million pesos (€2 million/$2.4 million) to help fund the fight against the novel coronavirus. Under the Aporte Solidario y Extraordinario (Extraordinary Solidarity Contribution), a graduated wealth tax would be imposed starting at 2% on domestic assets from 200 million pesos to 299 million and maxing out at 3.5% on assets above 3 billion pesos, and ranging from 3% to 5.25% on assets abroad. The idea is to help small businesses and less-wealthy Argentines, who are experie