(ARGENTINA) #Coronavirus Millionaires Tax Report: Lawmakers vote 42 – 26 in favour to pay for #COVID19 costs and to raise $3.6-billion of the #pandemic to the economy #AceNewsDesk report

#AceNewsReport – Apr.07: Argentina has approved an extraordinary levy on large personal wealth. The measure is meant to raise some $3.6 billion to fund recovery after the #Covid19 #pandemic. Critics say it’s not an option for the stagnant economy:

#CoronavirusNewsDesk – Argentina approves ‘ Millionaires Tax’ by a levy on large personal wealth of the rich to pay for cost of #COVID19 as Global food prices hit six-year high as Covid-19 pandemic turns into major driver of food inequality

April, 07: 2021


The so-called “millionaires’ tax” was approved in the Senate late on Friday in a 42 to 26 vote. The measure targets Argentinian citizens with declared personal wealth of over 200 million pesos ($2.5 million). It will apply a progressive tax rate of at least 2 percent on their total fortunes, including assets they may hold outside the country.

The tax was earlier passed by the lower chamber of the Argentine parliament, with 133 votes for it and 115 against.

Proponents say almost 12,000 people qualify to pay the levy, with the 380 richest taxpayers expected to cover over half of the total sum.

The government hopes to raise as much as $3.6 billion, which is to be spent on medical supplies, support of small and medium-sized businesses, social projects, student scholarships and exploration of natural gas

The tax was floated by the leftist government of Alberto Fernandez and his Frente de Todos (Everybody’s Front) coalition and was described as an opportunity for rich individuals to show “solidarity and extraordinary contribution” to the nation. The spending will boost the ailing national economy, they argued.

Argentina went into recession in 2018, which was a major factor in why Fernandez last year managed to unseat his predecessor, Mauricio Macri, in a general election. The Covid-19 pandemic, which has caused almost 40,000 deaths in Argentina, further aggravated its economic woes.

Critics from Macri’s Juntos por el Cambio (Together for Change) coalition said the move was “anti-investment, confiscatory and discriminatory”, and voiced concern that instead of being a one-time measure it would persist in some form.

#AceNewsDesk report …………….Published: 07: 2021:

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#argentina, #coronavirus, #millionaires, #tax


AceFriendsNews – November 18 – Poor Getting Punished. 


The headlines today : people working for minimal wages are getting € 10.00 less each month

(if your rated between 1000 and 1300 euro).

New tax laws !!!!


That is $ 12.496 dollar U.S.

The poverty line in Europe is € 1250.00

On welfare you get € 951,64 each month …..?  


Its gonna get crowded in the streets that is for sure. If my name was Mark Rutte prime minister of Holland l would be deeply ashamed.

· · in fotografie.



#dollar, #euro, #eviction, #laws, #poor, #poverty, #punished, #tax, #wages


#AceWorldNews – JAPAN – Nov.13 – Japan’s Prime Minister Shinzo Abe has told senior officials of the ruling coalition that he may dissolve the Lower House for a snap election before the end of the year, the Asahi Shimbun reported.

The move is being considered after postponing a proposed consumption tax hike in October 2015 for 18 months. The proposed date for the snap election is December 14, while December 21 could be the second option.

The general election will be the first since the December 2012 poll, in which the LDP returned to power with a landslide victory.

Japan’s Prime Minister Shinzo Abe seems to have opted for early election, a senior official within the ruling Liberal Democratic Party told the media, Jiji news agency reported.

“It looks like Shinzo Abe has finally made up his mind and it’s fair to consider that he decided to go to the people,” Tadamori Oshima asid, according to a former deputy chief of the party.

Sankei newspaper revealed reports on Wednesday that Abe was considering calling a general election for December and postponing tax increases.



#election, #officials, #ruling, #tax, #victory

“Francois Hollande would not accept `Tax Optimisation Strategies’ for Multinational Internet Giants like Google”

#AceWorldNews says President Francois Hollande said Thursday that France would not continue to accept the tax optimisation strategies used by multinational Internet giants like Google.

“This is not acceptable,” he told journalists, adding that he would discuss making a “tax harmonisation effort” with US President Barack Obama when the two meet in Washington next week.
His comments follow reports that France is seeking one billion euros ($1.36 billion) in tax from Google.

#france, #google, #internet, #president-francois-hollande, #tax, #us-president-barack-obama, #washington

Junk food companies paid by taxpayer to develop healthier products – under cash for contracts

Junk food copy

Junk food copy (Photo credit: Wikipedia)

Some of the world’s biggest junk food companies are being paid millions of pounds of taxpayers’ money to develop healthier products.Chef Chris, says as more people like “Jamie Olivier” and others try to get us to eat healthier and not so much junk! Our government is providing money to junk food companies to develop healthier products! Sounds really good when you say it like that! So what is the real story and why is the beleaguered taxpayer being made to pay! The reason is looking after their own under the latest ” Cash for Contracts” supporting companies ,that if they had any intention to provide healthy foods, would have done so before this time!So l say eat healthily and do not let companies you associate with junk food, force you to eat theirs?

This news was provided by “The Roving Giraffe” through Ace News Desk and you can tweet your opinion at #AceFoodNews or email me at News & Views

Thank you, Chris [Chef]

#chris, #food, #health, #jamie-olivier, #junk-food, #roving-giraffe-news-report, #tax, #twitter