This week in tax: G20 moves towards a global tax reform
Argentina’s wealth tax falls short The Fernández government’s one-off wealth tax has raised ARS $6 billion ($65 million) in tax revenue, just 2% of the revenue it was expected to generate. Yet the deadline for wealth tax payments is April 16. President Alberto Fernández introduced the wealth tax in December 2020 as part of efforts to raise more tax revenue to cover the costs of the public health response to COVID-19. It was designed as a one-off levy to tax owners of assets worth more than ARS $200 million in a bid to raise ARS $300 billion. An estimated 13,000 people are expected to pa...
Source: internationaltaxreview.com