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Argentina’s controversial wealth tax raised close to US$2.4 billion

RIO DE JANEIRO, BRAZIL - Preliminary data showed that around 10,000 individuals with assets over US$2.1 million paid the new tax. Argentina's government collected 74% of its estimated total from a controversial new tax on the country's wealthiest citizens.

The government collected US$2.4 billion, according to an official statement. Preliminary data show that 10,000 people paid the new tax, equivalent to 77% of people whose wealth put them among those subject to the levy.

Initiatives to tax the wealthy have gained support across Latin America as the region struggles to recover from its . . .

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