Buenos Aires is considering a one-off income tax of one per cent on banks and gambling operators to help fund action to fight against the coronavirus pandemic.
The tax would only apply to companies that generated more than $450,000 in gross income in 2019 and would be used to fund sanitary actions and social programs in the Argentinian capital.
The proposal has been put forward by the Frente de Todos political party with Santiago Roberto, Matías Berrotaveña and Manuel Socías highlighting that the health sector in Buenos Aires has received its lowest funding in the last 13 years.
They said: “The health system needs to be endowed with resources, both physical and human. The latter need to receive good salaries and need to be protected.”
Radical Civic Union representatives told La Política Online: “It’s not that easy, especially since the health sector was one that we prioritised. We believe that the independent sectors are the ones that suffered the most because of the crisis, they need our help.”