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    Home » Argentina’s senate passes bill to reduce taxes on high-income earners By Reuters | Invesloan.com
    Economy

    Argentina’s senate passes bill to reduce taxes on high-income earners By Reuters | Invesloan.com

    September 29, 2023
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    Argentina's senate passes bill to reduce taxes on high-income earners
    © Reuters. FILE PHOTO: Argentina’s senators debate a bill ending scheduled value will increase on power and transportation costs within the Argentine Congress in Buenos Aires, Argentina May 30, 2018. Argentine Senate/Handout by way of REUTERS

    (Reuters) – Argentina’s senate on Thursday handed a government-backed bill to reduce taxes on high-income earners, a transfer that might erase about one trillion pesos ($2.8 billion) from state coffers in 2023, in accordance to official estimates.

    The bill, which can now be enshrined in regulation, handed with 38 votes in favor and 27 in opposition to.

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