Argentina passes tax on wealthy to pay for virus measures

Argentina passes tax on wealthy to pay for virus measures
[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]

Stay tuned for the latest news on our radio stations

CFL radio frequencies
LIVE SCORES
Arsenal vs Burnley 7:00AM
Bournemouth vs Man City 6:30AM
Chelsea vs Spurs 7:15AM
Bula FC 0–1 South Island United Full Time
Bula FC 0–2 Auckland FC Full Time
Bula FC 0–2 South Melbourne FC Full Time
Chiefs vs Crusaders 7:05PM
Brumbies vs Waratahs 9:35PM
Moana Pasifika vs Reds 4:35PM
Raiders vs Dolphins 9:50PM
Bulldogs vs Storm 10:00PM
Dragons vs Warriors 7:30PM
vs
Fiji vs USA 8:00PM
Fiji vs Australia 12:51AM