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Luis Arce creates tax on large fortunes

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BrasildeFato – On Monday (28), the president of Bolivia, Luis Arce, enacted Law 1,357, which creates a tax on wealth greater than 30 million Bolivians (local currency) – the equivalent of approximately R $ 22.3 millions.

The new annual and permanent taxation for everyone living in the country, including foreigners, had already been approved by the Chamber of Deputies by a large majority. The tax will be paid by 152 millionaires.

The law establishes gradual percentages for the payment of the rate.

For people with a wealth of 30 million to 40 million Bolivians,
for example, the rate is 1.4%. For those who have between 40 and 50
million, 1.9%.

The tax for citizens who have fortunes greater than these values ​​is 2.4%.

The measure applies only to people who have stayed in Bolivia for more than 183 days in the last 12 months.

In his Twitter, Arce stressed that the approval of the law is a way to redistribute wealth in Bolivia and that the money collected “will reach thousands of Bolivian families”.

The estimate of the Ministry of Economy is that, with the taxation of
great fortunes, about 100 million Bolivians are raised.

Income redistribution

Also on Monday night (18) the leader of the Movement to Socialism (MAS) enacted the Effective VAT Restitution (Value Added Tax) Law.

With the new measure, people with an income of less than 9,000 Bolivians,
approximately R $ 6,715, will be reimbursed with 5% of the total of their
purchases upon presentation of the computerized invoice.

Thus, considering the minimum wage of 2,100 Bolivians (R $ 1,567), the Effective VAT Restitution Law directly benefits the middle and lower classes.

To access the benefit, individuals must register with SIN, the body responsible for taxing taxes in Bolivia, and compute all purchase invoices with their name and identity document.

In enacting the laws, Arce endorsed that the measures “dismantle the
neoliberal model and resume the Community Social Economic Model
Productive”.

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Economy

Argentina extends border closure with Brazil

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Opera Mundi – Argentina decided on Sunday (28) to extend the deadline for closing air and land borders with Brazil until March 12, extending the previous decree that determined that they should reopen as of this Monday (1st) ).

Argentine health authorities considered it necessary to maintain the blockade at the borders and a 50% reduction in flights between the two countries.

The country is also closed to foreigners from other neighboring countries and the United Kingdom. Only Argentineans or residents can enter.

According to the Minister of Health, Carla Vizzotti, the measure is taken “in a preventive manner until knowledge about the new Brazilian variant of the virus deepens”.

Brazil has been experiencing the worst moment of the covid-19 pandemic in recent weeks. The moving average of deaths in the last seven days broke a new record and reached 1,180. With 50,840 new diagnoses registered in one day, the number of cases in the country is already over 10.5 million.

Vaccination in Argentina

While seeing its neighbor in the worst scenario of the pandemic, Argentina is advancing in vaccination against covid-19. There are already more than 903 thousand doses applied.

This week, the Argentine laboratory Richmond announced a partnership with the Russian Direct Investment Fund (RDIF) to start producing the Sputnik V vaccine nationwide.

On the night of last Friday (26), Argentina received 96 thousand doses of the Sinopharm vaccine against covid-19. According to the Minister of Health, these doses have already started to be distributed on Saturday.

* With Sputnik

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