“Millionaires’ Tax” for Virus Relief Passes Argentine Senate

The government of President Fernandez hopes to raise 300 billion pesos (US$3.75 billion) with the one-off levy, which earlier passed the Chamber of Deputies with 133 for votes to 115 against.

RIO DE JANEIRO, BRAZIL - (AFP) Argentina's Senate passed a tax to be imposed on about 12,000 of the country's richest people on Friday, to pay for coronavirus measures including medical supplies and relief for the poor and small businesses.

In a session streamed live on YouTube, and after a long and polarizing debate, the so-called solidarity contribution was signed into law with 42 votes in favor and 26 against, as the pro . . .

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