BUENOS AIRES, Sept 20 — Argentina’s lower house yesterday passed a government-backed bill to cut taxes on high-income earners, a move that would erase about one trillion...
BUENOS AIRES, Sept 20 — Argentina’s lower house yesterday passed a government-backed bill to cut taxes on high-income earners, a move that would erase about one trillion pesos from state coffers in 2023, according to official estimates.If it were to become law, around 800,000 people would have their taxes slashed, according to government estimates, easing pressure on key voters who are suffering from the country’s spiralling annual inflation rate, which hit 124.4 per cent in August.
Opposition lawmakers blasted the move, saying the proposed tax cut aims to benefit Massa’s presidential run for the October election.
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