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From: TT
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Photo: Juan Mabromata / AP / TT
Argentine President Alberto Fernández. His government has imposed a crown tax on the richest in the country. Stock Photography
The 12,000 richest citizens of Argentina are forced to contribute to the fight against the corona pandemic through a single tax. The decision was made in the Senate with votes 42-26 after a long and polarized debate, after having been previously adopted in the Chamber of Deputies.
The government of President Alberto Fernández expects the tax to raise the equivalent of just over SEK 30 billion for, among other things, medicines and support for the poor and small businesses.
What has been popularly called the “millionaire tax” is taken out by people with a fortune of more than 200 million pesos, just over 20 million Swedish crowns. They can pay up to 3.5 percent of their domestic assets and up to 5.25 percent of their assets abroad.
Critics call for tax forfeiture and warn that single taxes have the ability to become permanent.
Argentina, with a population of 44 million, has more than 1.4 million confirmed cases and more than 39,500 deaths, according to figures from Johns Hopkins University.
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