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
Crusaders vs Chiefs 7:05PM
Hurricanes vs Blues 7:05PM
Rabbitohs 14–28 Sea Eagles 9:05PM
Knights 30–32 Storm Full Time
Raiders 0–26 Roosters Full Time
Fijiana 12–24 France Full Time
Fiji 14–17 USA Full Time
New Zealand 19–26 Australia Full Time
Maroons 20–22 Blues Full Time
Maroons vs Blues 10:05PM
Maroons vs Blues 10:05PM
Mexico vs South Africa 2:00pm
South Korea vs Czechia 2:00pm
Canada vs Bosnia and Herzegovina 7:00am