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.
2020: THE YEAR IN REVIEW 2020: The year that was 02-01-2021 09:27 Economic crisis, rising poverty and unemployment, debt talks, creditors, the IMF, wealth tax, squatters, a police mutiny, the failed appropriation of Vicentin, alleged AFI espionage, ‘lawfare,’ corruption, legalised abortion, diplomacy, disappearances, the death of Diego Maradona… a lot happened in Argentina over the past 12 months, but it was all overshadowed by Covid-19. by Michael Soltys
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.
EDITORIAL November’s sky is chill and drear 21-11-2020 10:51 With the government falling into line with the quarantine fatigue felt by much of the nation, a vacuum has opened up in the public agenda. There was already plenty of jostling last week to fill it – from both wings of the coalition government.
EXTRAORDINARY SOLIDARITY CONTRIBUTION ‘Extraordinary Solidarity Contribution’ – details of the ‘wealth tax’ bill 21-11-2020 10:27 Lawmakers in Argentina’s lower house on Wednesday approved a bill that will see the nation’s wealthy citizens slapped with a one-off capital levy on assets.
ARGENTINA US$3-billion ‘wealth tax’ bill clears lower house, heads to Senate 21-11-2020 10:20 Chamber of Deputies votes in favour of one-off levy for those with largest fortunes. Bill, which Peronist lawmakers hope will raise US$3 billion, now goes to Senate.
INTERNATIONAL APPROACH 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’ BILL ‘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
CONGRESS & POLITICS Frente de Todos advances Congress agenda with marathon session 20-11-2020 11:01 Favourable outcomes for ruling coalition in Congress. After more than 20 hours of debate in lower house, deputies back ‘wealth tax’ bill and initiative to stop commercial redevelopment of fire-destroyed land.
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.
PERIODISMO PURO | INTERVIEW 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
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.
AS I SEE IT Down with development 05-09-2020 09:39 Alberto and the people surrounding him are determined to solve the country’s socioeconomic problems by levelling down, taking as much as they can from the more productive parts of society and giving it to the millions who rely on handouts. by James Neilson
Wealth tax Congress set to debate government's 'wealth tax' bill 30-08-2020 16:55 Government’s proposed ‘wealth tax’ bill heads to Congress. President Fernández seeks to bring in 300 billion pesos in tax revenue through one-time levy on wealthiest citizens.
EDITORIAL Method in the madness? 29-08-2020 09:31 One of the oldest tricks in the book in Argentina is to sneak through some controversial or predatory decree on the brink of the weekend. Let us take a closer look at that telecommunications decree.
Bloomberg 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.
THE RICH LIST 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
PERIODISMO PURO / INTERVIEW Jeffrey Sachs: ‘This is not a game for BlackRock to get an extra percentage point – that's absurd’ 27-06-2020 08:29 US economist and public policy analyst Jeffrey Sachs on Argentina’s debt restructuring talks, the Macri administration’s missteps and the fall-out from the coronavirus pandemic. by Jorge Fontevecchia
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.
Sports and wealth Federer tops list of world's highest-paid athletes, with Messi third 01-06-2020 15:40 Tennis superstar Roger Federer tops Forbes list after earning US$106.3 million before tax in 2019. Argentina skipper Lionel Messi comes in at third with US$104 million, just behind Cristiano Ronaldo.
CORONAVIRUS QUARANTINE 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.
CHILE PROTESTS 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.