News of levy

Wealth tax nets 247 billion pesos from 10,000 tax-payers

29-12-2021 23:19 According to Economy Ministry data, revenue from Argentina’s one-off capital levy on assets totals 247.503 billion pesos (around US$2.4 billion) as of December 18, with contributions from more than 10,000 tax-payers.

COURT RULING

Carlos Tevez loses legal bid to avoid paying Argentina’s wealth tax

22-12-2021 12:32 Court rejects injunction filed by ex-Boca Juniors striker Carlos Tevez seeking to exclude him from paying Peronist government’s wealth tax on large fortunes.

capital levy

AFIP promises crackdown in 'wealth tax' enforcement launch

26-05-2021 15:46 AFIP warns it may seize assets and freeze bank accounts of those who haven't paid up what they owe under the government's so-called 'wealth tax' levy on millionaires.

'Wealth tax'

AFIP: One-off 'wealth tax' has brought in US$2.3 billion so far

03-05-2021 22:10 Around 80% of the roughly 12,000 who qualify for the one-off Covid capital levy have paid up to date, says AFIP, boosting government coffers by more than US$2.3 billion.

'Wealth tax'

Wealth tax fought by the rich raises more than US$2 billion

03-05-2021 21:58 Alberto Fernández administration has raised 74% of the amount it had targeted from a controversial new tax on the country’s wealthiest citizens.

Jugador del Pueblo?

Carlos Tevez seeks to avoid paying Argentina's new wealth tax

17-04-2021 09:54 Boca Juniors striker files court injunction to avoid paying the country's new wealth tax, the latest example of the difficulty in making millionaires comply with the levy.

BLOOMBERG – ANALYSIS

Tax-the-rich initiatives gain support across Latin America

08-04-2021 14:55 Chile, Mexico, Colombia see wealth tax proposals advancing, Argentina and Bolivia have already passed measures; Debt in region soared as pandemic caused worst crash in two centuries.

CAPITAL LEVY

Argentina's wealth tax has collected just 2% of target to date

06-04-2021 16:47 Argentina’s new wealth tax has netted just two percent of its target figure ahead of its original deadline, with the nation’s richest citizens evidently in no hurry to pay up.

Poverty and taxation

Wealth tax: inequality solution for Latin America?

19-02-2021 12:52 The income chasm between the rich and poor in Latin America has led to efforts to tax the wealthy – though the reception has been uneven across various countries.

AGRICULTURE

Fernández threatens to raise taxes on farm exports

08-02-2021 11:24 If the farm industry continues to sell food at home for the same prices at which it exports, the government will take matters into its own hands, warns Peronist leader.

'Wealth tax'

Government's 'wealth tax' levy for virus relief takes effect

29-01-2021 15:27 One-off tax on Argentina's richest citizens to help pay for medical supplies and relief for small businesses battered by the global coronavirus pandemic entered into force on Friday.

Congress

Senate approves one-time levy on assets for Argentina's richest

06-12-2020 17:50 Senate approves government-backed bill to introduce so-called 'wealth tax' on 12,000 of the country's richest citizens late Friday night.

Congress

Senate begins analysing 'wealth tax' bill, vote likely early December

25-11-2020 07:52 Senate begins analysing 'wealth tax' bill to impose a one-off levy on Argentina's richest citizens on Tuesday, following last week's approval of the initiative in the lower house.

Congress

Chamber of Deputies approves government’s ‘wealth tax’ bill

19-11-2020 02:05 Lawmakers in Argentina’s lower house approve move to introduce one-off levy affecting those with largest fortunes. Bill, which Peronist lawmakers hope will raise US$3 billion, now goes to Senate.

'Wealth tax'

Lower house opens debate on government's 'wealth tax' bill

18-11-2020 00:50 Argentina’s lower house is expected to approve a bill to introduce a one-off capital levy on more than 9,000 of the country’s wealthiest citizens on Wednesday morning.

BLOOMBERG

Offshore millionaires become target of wealth tax bill

17-09-2020 19:34 Government plans to broaden bill imposing taxes on the rich in order to reach non-residents and their investments in Argentine companies, according to lawmaker Carlos Heller.

Bloomberg

Pesce, Guzmán split over curbs on dollar purchases

17-09-2020 16:19 Argentina's economic team split on latest crackdown, as well as how long new rules should remain in place.

Congress

Fernández confirms government will impose one-off wealth tax

03-06-2020 15:09 President says the introduction of a capital levy would be a one-off “extraordinary measure." Lawmakers say bill would boost government coffers by between US$2.5 million and US$4 billion.

Coronavirus pandemic

Villa 31 community leader's death from Covid-19 sparks anger

19-05-2020 02:22 Ramona Medina, key Villa 31 community leader and resident, dies just days after denouncing 12 days without drinking water in her barrio. 'La Garganta Poderosa' accuses authorities of failing to protect residents in vulnerable neighbourhoods.

EXCLUSIVE INTERVIEW

Levy Yeyati: 'We’re only just starting to perceive the costs of this crisis’

11-04-2020 08:43 Economist and professor Eduardo Levy Yeyati discusses the impact of the Covid-19 pandemic and gives his view on the government’s measures to tackle the spread of the virus in Argentina.

by Fermin Koop

Bloomberg

Argentina set to hit farmers with more taxes to fix budget woes

27-02-2020 12:32 President Alberto Fernández plans to raise export levies on soybeans. The taxes will rise to 33% from the current rate of 30%, according to Bloomberg.

TRADE WARS & TARIFFS

Government welcomes US decision not to impose steel tariffs

27-01-2020 09:02 "Effective immediately, I will restore the Tariffs on all Steel & Aluminium that is shipped into the US from" Brazil and Argentina, tweets Trump.