News of income

Argentina to all but end income tax as election spending spurs inflation

29-09-2023 09:27 Sergio Massa's push to eliminate income taxes for almost all formal workers wins approval in the upper house.

'Ganancias' bill in Congress

Income tax bill clears lower house with support from Milei, left-wingers

20-09-2023 16:38 Bill to raise ‘ganancias’ threshold to 1.77 million pesos approved by lower house; 135 Frente de Todos, provincial party, leftist and libertarian deputies, among others, back it; 103 votes against, mostly Juntos por el Cambio.

MINISTER ON CAMPAIGN

Massa aims portfolio power at pockets with income tax bill

14-09-2023 13:55 Economy Minister Sergio Massa raises income tax minimum threshold and programme to return IVA value-added tax, just one month before elections; Move means just 80,000 tax-payers will be paying 'ganancias' from October onwards.

POLITICS

Argentina spares millions from paying income tax as vote nears

11-09-2023 21:12 Workers earning less than 1.7 million pesos (US$4,857) per month won’t have to pay income taxes as of October, up from the previous threshold of about 700,000 pesos.

ECONOMY MINISTRY

Government raises income-tax floor to half a million pesos

25-04-2023 13:29 Government raises income-tax floor to 500,000 pesos as inflation bites into pockets of workers.

DOLLARS & RESERVES

Government's bid to bring in dollars stumbles as peso falls faster

20-04-2023 15:09 Soybean exporters, who are temporarily allowed to sell dollars at a rate of 300 pesos per dollar compared to the official rate at 218, didn’t sell a single greenback Wednesday – the first day of no sales since the policy kicked in.

UNICEF REPORT

Argentina’s children: the poorest of the nation’s poor

31-03-2023 10:40 Who are the almost seven million children and adolescents living in poverty in our country? Where do they live? And how? A report from UNICEF gives voice without access to drinking water, decent housing or education.

by Sabrina Chemen

POLITICS & CONGRESS

Lower house approves 2023 Budget after marathon session

26-10-2022 12:23 Ruling coalition secures approval of 2023 Budget bill with 180 votes in favour, 22 against and 49 abstentions, though articles to strip income tax exemptions for judges and judicial workers fails to win support.

POLITICS

Government offers food bonus to destitute as price crisis bites

20-10-2022 23:32 Sergio Massa, Fernanda Raverta confirm adults without income will be eligible for 45,000-peso bonus to help meet nutritional needs amid deepening inflation crisis.

INTERVIEW / PERIODISMO PURO

Guy Standing: ‘A basic income is a right of every individual in every society’

19-08-2022 16:29 British labour economist and University of London professor on unconditional basic income, the poverty trap and the ‘precariat.’

by Jorge Fontevecchia

NEW STUDY

World Bank: 40% of households in Argentina lost income during pandemic

30-11-2021 21:56 According to the World Bank, "food insecurity" almost doubled in Latin America and the Caribbean during the pandemic, with almost 40% of homes in Argentina hit by a drop in earnings.

ELECTIONS 2021

Economic hardships take their toll on stomachs – and society

12-11-2021 20:10 In La Boca and other disadvantaged neighbourhoods across the capital, soup kitchens have sprung up on almost every street corner, run by social movements with help from the state.