News of 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 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.

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.

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.

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

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.

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.

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."

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.

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

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.

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.

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.

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.