Buenos Aires Lawmakers Propose Plan to Impose Single Gambling Tax

Buenos Aires City legislators have proposed a plan to impose a one-time tax to contribute to the COVID-19 health emergency. As per the proposal, there will be an income tax of 1% on banks, casino companies, internet sites, and financial firms.

The tax would only apply to companies that generated more than $450K in gross income in 2019 and would be used to fund sanitary actions and social programs in Buenos Aires.

The proposal has been put forward by the Frente de Todos political party with Santiago Roberto, Matías Berrotaveña, and Manuel Socías highlighting that the health sector in Buenos Aires has received its lowest funding in the last 13 years.

“The health system needs to be endowed with resources, both physical and human. The latter need to receive good salaries and need to be protected,” they commented.

“It’s not that easy, especially since the health sector was one that we prioritised. We believe that the independent sectors are the ones that suffered the most because of the crisis, they need our help,” Radical Civic Union representatives said.