BLOOMBERG Rich investors pull out of Chile, leaving behind a US$50-billion hole 19-01-2023 14:45 Chile, Latin America’s stand-out economy for the better part of 50 years and a darling of Wall Street, is in many ways facing an existential moment.
BRITISH POLITICS Prada and pools: Rishi Sunak's mega-wealthy wife and in-laws 25-10-2022 12:49 Akshata Murty, the Indian wife of Britain's next Prime Minister Rishi Sunak, is fabulously rich thanks to her billionaire father, a fortune that is attracting controversy.
UNDECLARED WEALTH INDEC: Argentines have more than US$360 billion in undeclared wealth 01-07-2022 11:04 INDEC puts a number on the colossal fortune Argentines are hiding from the tax authorities – according to the bureau, more than US$360 billion is stashed overseas or under mattresses, either in banknotes or invested in foreign funds and currencies.
Wealth & inequality Seven Argentines make the cut on annual Forbes rich list of billionaires 07-04-2022 01:58 US magazine releases annual ranking of the richest businessmen in the world – who are they, how much do they accumulate over the past year and what is the size of their fortunes?
FOOTBALLERS & WEALTH TAXES ‘Kun’ Agüero versus the Kirchnerites 18-02-2022 22:54 Sergio Agüero sparks debate and anger on social networks after he questions the national government’s ‘wealth tax’ on large fortunes. by Daniel Vico
wealth tax 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.
Global inequality Billionaires' share of global wealth soars during pandemic 07-12-2021 15:34 The club of the richest 1% in the world has taken more than a third of all additional wealth accumulated since 1995, while the bottom 50% captured just 2%.
KIRCHNER FAMILY WEALTH Cristina Fernández de Kirchner declares wealth of 16.4 million pesos 22-09-2021 14:19 Vice-President Cristina Fernández de Kirchner declares total wealth of 16,463,095 pesos; Máximo Kirchner reports 400 million pesos.
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.
Bloomberg Chile’s Lower House rejects wealth tax, higher corporate levies 19-05-2021 09:31 Chile’s lower house of Congress has rejected proposals for a wealth tax and higher corporate levies, marking a major setback for the legislation.
'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.
TAXING THE RICH Joe Biden puts taxing the rich back in the spotlight 29-04-2021 00:35 US president unveils plan to nearly double the capital gains tax to 39.6% for US households making over $1 million, in his first speech to Congress.
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.
INVESTMENT President pitches Argentina to top global investment funds 16-03-2021 21:23 President Alberto Fernández pitched Argentina’s growth potential to a host of top global investment funds on Tuesday, as he asked them to back the country and its bid for economic recovery.
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.
PRAISE AT DAVOS Oxfam hails Argentina’s ‘wealth tax’ as law takes effect 30-01-2021 08:21 Charity calls on other nation states to raise taxes on their richest citizens, citing government’s new law as an example.
'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.