No menu items!

Argentine Senate gives approval for measure lowering taxes on wages

RIO DE JANEIRO, BRAZIL - The Argentine Senate gave final legislative approval to a wage tax cut to benefit more than one million workers hard hit by recession and high inflation, and was expected to be swiftly signed into law by President Alberto Fernández.

The lower house approved the government-backed tax cut last month. Argentina is trying to end a three-year recession that has been exacerbated by the coronavirus pandemic and double-digit inflation that is particularly punishing for the poor.

There were 66 Senate votes in favor, none against, and one abstention.

Workers who earn up to . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content