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  • Argentina's Congress may impose a wealth tax to Finance Cove in 19 relief programs.

  • That debate began on Tuesday in the country's lower house.

  • The government backed bill is seeking to raise $3.75 billion through a flat tax on Fortune's larger than $2.5 million which amounts to about 12,000 individuals hit by the 2% tax.

  • Money raised by the tax is to be used to buy health equipment, fund welfare programs and provide loans to small to medium sized businesses to increase employment.

  • Demonstrators in Buenos ideas marched to Congress and supported the bill there.

  • Signs voiced their support tax the rich already.

  • But one lawmaker believed that the tax would be bad for the economy.

  • My thing is a bad economic policy decision.

  • It is a bad decision to separate the Argentines who have the vocation to carry this country forward, While other lawmakers say the nation's wealthy can afford to pay a flat tax thing, this is necessary to pay emergency family income on normal salary.

  • We pay the salary of many workers from these big companies that will have to pay now let them pay back a little bit of the aid that the state has given them.

  • If passed, the bill will move to the Senate and is expected to be considered by the end of the month.

Argentina's Congress may impose a wealth tax to Finance Cove in 19 relief programs.

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    林宜悉 posted on 2020/11/18
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