Argentina to tax the rich to pay for COVID-19 measures

Argentina's Congress passed a new tax on its wealthiest people to pay for medical supplies and relief measures amid the ongoing coronavirus pandemic. A tax of at least 2% on individuals with assets of over 200 million pesos (over ₹18 crore) will be levied. The Argentine government hopes to raise 300 billion pesos (over ₹27,000 crore) with the one-off tax.