02 de abril de 2020
Hispanic World

Argentine gov't sends emergency bill that hikes taxes to Congress

By Cecilia Caminos

By Cecilia Caminos

Buenos Aires, Dec 17 (EFE).- The Argentine government sent to Congress this Tuesday a public emergency bill that would boost taxes on personal assets and the purchase of dollars, while freezing the price of public services to provide a little relief for the more vulnerable sectors of society.

This project is the first package of legislative measures to be promoted by Argentina's new president, the Peronist Alberto Fernandez, in order to deal with the crisis afflicting the country with high inflation levels, currency depreciation and soaring national debt, all part of the fallout from a recession that began in April 2018 and has driven poverty and unemployment to emergency levels.

Economy Minister Martin Guzman discussed in a press conference at the Ministry of the Treasury in Buenos Aires the broad outlines of the proposed law of social solidarity and productive reactivation, together with its role in resolving the current emergency, which he considers "the first step toward resolving the economic and social crisis besetting Argentina."

"We all understand how difficult the current situation is and how the problems of poverty, joblessness, food security and hunger have grown," Guzman said.

In that sense, he added that the bill includes "a series of measures that seek to keep things on an even keel and protect the more vulnerable sectors," while restoring the macroeconomic conditions so necessary for resolving all the problems of the Argentine economy."

The economy here has been in recession since April 2018, with high indices of inflation, close to 40 percent of the population immersed in poverty, and with unemployment rising as the peso falls in value.

The bill was introduced into Congress for its first debate in committee and possibly on Thursday in a full Chamber of Deputies session.

The minister announced a series of measures contained in the bill that would suspend the system for updating pensions in order to replace it, within a period of 180 days, with a more "consistent" formula.

Guzman announced that retirees who receive a minimum pension will receive in December and January separate bonuses of 5,000 pesos (about $80 at the official rate of exchange).

The economy minister said he expected a series of tax measures to be passed, including the reinstatement of the 2015 tax quotas on personal assets while taxing financial holdings abroad, at the same time that income tax on savings in pesos will be eliminated.

A 30-percent tax will also be imposed on the purchase of foreign currencies, 70 percent of which will be used to finance social security and 30 percent invested in infrastructure and housing. EFE cca/cd

Histórico de noticias
Pain in Guayaquil compounding amid impossibility of burying coronavirus dead

Quito, Apr 1 (efe-epa).- The rapid spread of the coronavirus in Ecuador's Guayas province, the capital of which is Guayaquil, one of the world's cities...

US embargo preventing sending of masks, COVID-19 test kits to Cuba

Havana, Apr 1 (efe-epa).- Havana on Wednesday complained that the US embargo on Cuba has prevented the shipment by Chinese electronics giant Alibaba of...

In the US, intentional coughing can be considered a terrorist threat

By Helen Cook

Brazil's biggest research center builds hospital for COVID-19

Rio de Janeiro, Mar 31 (efe-epa).- The Oswaldo Cruz Foundation (Fiocruz), the biggest health research center in Brazil and Latin America, has begun...

UN calls for multilateral Covid-19 response totaling 10 pct. of world GDP

United Nations, Mar 31 (efe-epa).- United Nations Secretary General Antonio Guterres on Tuesday issued a worldwide call to deal with the socio-economic...

From serving to being served, plight of US restaurant workers amid pandemic

By Laura Barros

Anthony Daniels, the soul of C-3PO: Star Wars is a refuge in these times

By David Villafranca

Hospital ship Comfort arrives in New York to help in fight against COVID-19

New York, Mar 30 (efe-epa).- The Navy hospital ship USNS Comfort docked on Monday at the Manhattan pier to upgrade the capabilities of local hospitals,...

Daily COVID-19 pandemic roundup: March 30

(Update, adds information from the WHO, the US, the UK, Turkey, Mexico, Brazil, Ecuador, Costa Rica, Panama, Guatemala, Honduras, Colombia and Peru)

Two Latin American rum empires join forces against Covid-19

By Alicia Hernandez and Jorge J. Muñiz Ortiz

US virus death toll over 2,000, Fauci says up to 200K deaths could result

Washington, Mar 29 (efe-epa).- The US death toll in the coronavirus pandemic rose to 2,197 on Sunday, with more than 25 percent of the deaths occurring in...

Coronavirus frustrating Brazil's anticipated economic rebound

By Carla Samon Ros

Daily COVID-19 pandemic roundup: March 29

(Adds info from: the WHO, the US, Italy, Russia, Syria, Cuba, Brazil, Colombia, Ecuador and Venezuela)

NY hospitals show signs of being overwhelmed, Cuomo says fed help not enough

New York, Mar 26 (efe-epa).- Hospitals in New York City, which has become the epicenter of the coronavirus pandemic in the United States, are starting to...

Venezuela blasts "unfounded" US charges against Maduro

Caracas, Mar 26 (efe-epa).- The Venezuelan government on Thursday said that the indictments made by the US government against President Nicolas Maduro and...

Daily COVID-19 pandemic roundup: March 26

(Update, adds information from WHO, the US, the Vatican, France, Cuba, Puerto Rico, Venezuela and the Caribbean)

Senate ready to approve biggest stimulus package in US history

By Alfonso Fernandez

Elton John, Billie Eilish, Alicia Keys to give COVID-19 benefit concert

Los Angeles, Mar 25 (efe-epa).- Pop icon Elton John on Sunday will offer a concert broadcast on television to collect money for charitable organizations, a...

UN asks for $2 bn to fight coronavirus in vulnerable countries

United Nations, Mar 25 (efe-epa).- The United Nations on Wednesday asked donors for $2 billion in funding to finance a plan designed to contain and limit...

Daily COVID-19 pandemic roundup: March 25

(Update, adds information from WHO, the US, the Vatican, France, Finland, Canada, Latin America and the Caribbean)

US gov't urges people leaving New York to self-quarantine

(Update 1 adds New York, fiscal stimulus progress and stock market info, details throughout)

Drive-through Covid-19 testing station helping battle virus in Puerto Rico

By Jorge J. Muñiz Ortiz

Daily COVID-19 pandemic roundup: March 24

(Update, adds information from the US, Mexico, Nicaragua, Panama, Costa Rica, Chile, the Caribbean and Canada)

Daily COVID-19 pandemic roundup: March 23

(Update, adds information from the WHO, the US, Brazil, Cuba, Peru, the Dominican Republic and the Middle East)