The Argentine Chamber of Deputies approved ruling coalition Unión por la Patria’s (UxP) bill to raise the threshold of the income tax known as Ganancias on Tuesday night. Opposing coalition Juntos por el Cambio (JxC) provided the vast majority of the negative votes, despite previously asking the tax threshold be modified. If the Senate approves the bill, only 88,000 people will pay income tax, less than 1% of total workers and pensioners in Argentina. Photo: Matías Ortega/ÁmbitoLast week, the Argentine government raised the income tax threshold by decree, a decision Economy Minister and UxP presidential candidate Sergio Massa had announced days before. Eliminating income tax, along with many other taxes, is one of his main campaign proposals.

Source: Bueno Aires Herald September 20, 2023 15:07 UTC