The superrich in Argentina will be taxed as part of raising funds for COVID-19 control measures

In order to raise resources and funds to mitigate the negative economic impact of COVID-19 in Argentina, the government of Argentina has decided to levy a tax of the superrich population of the country.  

The one-off tax of at least 2% on individuals will be imposed on those with assets of more than 200 million pesos ($2.45 million), with the government aiming to collect some $3.7 billion. 

“The #AporteSolidario is extraordinary because the circumstances are extraordinary,” said ruling party Senator Anabel Fernandez Sagasti on Twitter. 

“We must find points of connection between those who have the most to contribute and those who are in need.” 

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