News of wealth

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.

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.

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.

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.

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.

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.

Wealth taxes and extraordinary contributions – how other nations handle it

21-11-2020 10:14 Worldwide Germany and France are the two most practical examples of that class of taxes labelled “solidarity."

‘Wealth tax’ could hit as three times more people than anticipated

21-11-2020 10:06 Tax expert warns bill to impose one-off levy on assets of rich could eventually hit as many as 30,000 people, depending on exchange rate at time it becomes law.

by Fernando Nolé

Sergio Chodos: ‘The intention is to ask the IMF for financing in order to leave it’

17-10-2020 08:57 The visit of a mission team from the International Monetary Fund has begun a new chapter for Argentina and its deteriorating economy. Sergio Chodos, Executive Director for the Southern Cone at the IMF and the official perhaps closest to Economy Minister Martín Guzmán, says the government is seeking an agreement with the Fund, in order not to depend on it any longer.

by Jorge Fontevecchia

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.

Chilean lawmakers want to raise US$6 billion taxing the ultra rich

13-08-2020 18:52 Legislators from the Communist Party to the Christian Democrats submitted a bill that would set a one-time, 2.5 percent levy on individuals with more than US$22 million in wealth. Government opposes proposal.

Argentina’s richest and the perception of wealth

25-07-2020 10:14 The 'Forbes' list generates all sorts of mixed emotions, from admiration to jealousy and contempt.

by Agustino Fontevecchia

Government deputies push for online sessions and wealth tax

18-04-2020 09:28 Government deputies in Congress are working on a bill for a one-off wealth tax on big fortunes to finance the sanitary and social campaign against the new coronavirus pandemic.

Piñera apologies to Chile, unveils raft of social measures

23-10-2019 07:17 "I recognise this lack of vision and I apologise to my compatriots," Pinera said in an address from the presidential palace in Santiago as he tries to halt violent protests over economic inequality which have swept the country and claimed 15 lives.