A Senate joint committee was debating today the tax reform bill setting levies on companies that are not listed in the stock market. The project, fueled by the Cristina Fernández de Kirchner administration aims at re-fattening the state treasury following the decision to exempt 1.5 million workers from income tax payments.
AFIP tax bureau Chief Ricardo Echegaray showed up at Congress to defend the government´s move as Kirchnerites rallied efforts to secure the committee’s approval and have the bill discussed on Thursday 12.
After an 8-hour debate, lawmakers passed the tax reform yesterday at the Lower House in 139-91 vote with 5 abstentions.
Source: Buenos Aires Herald