Argentina passes tax on wealthy to pay for virus measures

Argentina passes tax on wealthy to pay for virus measures

By Semi Turaga
06/12/2020
[Image: bbc.news]

Argentina has passed a new tax on its wealthiest people to pay for medical supplies and relief measures amid the ongoing coronavirus pandemic.

Senators passed the one-off levy - dubbed the "millionaire's tax" - by 42 votes to 26.

Those with assets worth more than $2.5m which is about 12,000 people will have to pay the tax.

Argentina has recorded close to 1.5 million infections and almost 40,000 deaths from the coronavirus.

It has been hit hard by the pandemic, becoming the fifth country worldwide to report one million confirmed cases in October despite only having a population of about 45 million people - making it the smallest nation at the time to surpass that figure.

[Source: BBC]

FEATURE NEWS
It’s not a panic budget, the panic is from the Opposition – Prof. Prasad
Deputy Prime Minister and Minister for Finance Professor Biman Prasad says this is not a ‘panic budget’, as described by the Leader of the Opposit...
9 hours ago
LATEST NEWS
Tabuya says 2025/2026 National Budget pays attention to details and hears the war cry against poverty
The 2025/2026 National Budget is a budget that pays attention to details, taking simple yet meaningful changes, and hears the war cry of Prime ...
10 hours ago

I could not hold back my tears, Sayed-Khaiyum needs urgent specialist treatment - Lal
Opposition MP, Ketan Lal says he could not hold back his tears when he visited former Attorney General, Aiyaz Sayed-Khaiyum at Lautoka Aspen Hospital ...
10 hours ago

VAT cut is not a cure – Koya
Opposition MP Faiyaz Koya says the VAT cut is not a cure but it is a band-aid solution to the cost of living problem. While opposing the 2025-2026 ...
11 hours ago

Vosarogo says no budget is perfect and the last 16 years were a disastrous starting point
We can all agree that no budget is perfect — just as nothing in life or this world truly is. Minister for Lands and Mineral Resources, Filimoni ...
11 hours ago

652 people displaced by fires in the first half of this year – NFA
The number of people displaced by property fires in the first half of this year has increased to 652 compared to 566 in the same period last year, ...
13 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Professor Prasad on fijivillage Straight Talk With Vijay Narayan
The show will focus on the 2025/2026 National Budget.
8 days ago

Tui Nayau and Tui Lau Installation
The ceremony for the installation of the Tui Nayau Sau ni Vanua o Lau will be held tomorrow, while the installation ceremony of the Tui Lau will be held in Tubou on Thursday.
10 days ago

CFL 40th Birthday
CFL’s 40th Anniversary celebrations to culminate with free concert at Albert Park on ...
13 days ago

TOP