News of wealth tax

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.