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Argentina's senate passes bill to reduce taxes on high-income earners

Published 09/28/2023, 09:46 PM
Updated 09/28/2023, 09:50 PM
© Reuters. FILE PHOTO: Argentina's senators debate a bill ending scheduled price increases on energy and transportation prices in the Argentine Congress in Buenos Aires, Argentina May 30, 2018. Argentine Senate/Handout via REUTERS
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© Reuters. FILE PHOTO: Argentina's senators debate a bill ending scheduled price increases on energy and transportation prices in the Argentine Congress in Buenos Aires, Argentina May 30, 2018. Argentine Senate/Handout via REUTERS

(Reuters) - Argentina's senate on Thursday passed a government-backed bill to cut taxes on high-income earners, a move that would erase about one trillion pesos ($2.8 billion) from state coffers in 2023, according to official estimates.

The bill, which will now be enshrined in law, passed with 38 votes in favor and 27 against.

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