Overview

• The proposal would tax declared fortunes over about US$10 million at 3%, up to US$5 million at 2%, and up to US$2.5 million at 1%.
• Grabois said the calculation would start with declared assets and acknowledged that undeclared wealth remains an unresolved issue.
• He suggested a commission of taxpayers to oversee spending on education, child health and neighborhood urbanization with blockchain-based tracking he called 100% inviolable.
• He asserted that roughly 99.5% of Argentines fall below the thresholds and would not pay the levy.
• The plan draws on the 2020 one-time wealth tax promoted by Máximo Kirchner, a measure that triggered political and judicial challenges from some high-profile taxpayers.