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